Block B, 58 Woodgate, Loughborough, Leicestershire, LE11 2QD - Online Auctions

These student apartment blocks are fully managed for you and are a great way of getting a better return on your money than just having the funds sat in a bank account. Great investment buy in popular investment block within Loughborough town centre. This spacious studio with en-suite has already got a let agreed so will earn money from day one with the management company. The property is made up of clusters, these are arranged by floor level with 7 rooms to one kitchen or 13 to two kitchens. This airy Classic en-suite room is found on the first floor and is sold as seen with ¾ sized bed, wardrobe, storage space, a large study desk as well as a microwave and mini fridge in room. Shared facilites for the block; Common Room Disabled Access TV (communal) WiFi Cooker Freezer Microwave ¾ Bed Desk & Chair En Suite Lockable Bedroom Bike Storage Cleaner Laundry Room Investor information; Property currently rented by the building management company. Leasehold Information: 250 years from 1 January 2014 Located in the town centre and in walking distance to all local amenities including local bars, supermarkets and Loughborough University. There is also bus links to and from the University campus. You do not have to find tenants yourself as this is all included in the £300 management fee. Service Charges: There is no service charge. The property yields a fixed amount of return every month, paid to the investor quarterly. Ground Rent: There is a charge of £300 per unit per year. The Management: This is also managed by the company above. They are in charge of all advertising and setting up the lettings contract agreements for the tenants. There is no additional cost for this. Built in 2015 with a 125 year lease. For the year 2019, the current vendor had a return of £598 every Quarter. The only deduction from the £2,392 rental income is a yearly ground rent of £300. Material information: The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well. EPC Rating N/A Opening Bid and Reserve Price This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply. Comments Energy Performance Certificate (EPCs) An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.