For Sale5 Bedroom Apartment in Woodgate, Loughborough, LE11 2TZ£230,000

FANTASTIC INVESTMENT - Flat 32 at Asha House provides a superb investment opportunity for student let accommodation. The property consists of five bedsit rooms with en-suite shower rooms and a communal kitchen, living and dining area. Annual Rent: (£110.00 x 52 weeks x 5 beds) £28,600 Annual Service Charge: (3.53% of total s/c costs) £17,581 Net Annual Rent: £11,018 Asha House consists of 126 bedsits and is located at the heart of Loughborough town centre. The building has a secure key fob entry and intercom system, 24/7 CCTV, lift and stairs to all floors, laundry facilities, on site and out of hours team, contained refuge area and secure bicycle storage. The building is maintained by a management company who set rents, service charges, collect the rents and pay 40% of the net rental income in October, 40% in January and 20% in April, based on the academic year and, therefore, a 46 week contract. The students that accommodate the flats are generally post grads or studying for masters. The properties are leasehold and have 132 years remaining on the lease. 40% October - £4,314.40 40% January - £4,314.40 20% April - £2,157.20