Property in Manchester - UK

Project: The CUBE Bolton

Download the Brochure from this link
www.dropbox.com/s/w4mu2vniko7vzkb/The_Cube_Success_Story_WL.pdf

Bolton is part of Greater Manchester, 3m population
Bolton University & Bolton College is the largest outside London.
72 fully furnished en-suites, part of clusters of 6
First project under the 'CUBE' brand that plans to expand across the UK
En-suites: From £39,950 GBP 10.2% ave. NET yield 10 years (£102 GBP per week, 44 week occupancy)
Market value as an 8% income general
Extra Large En-Suites: £41,950 GBP 10.60% ave. NET yield 10 years (£106 GBP per week, 44 week occupancy)
Market value as an 8% income general
Bolton Uni: 13,000 students, plans to increase to 20,000 by 2016, 5 applicants to every 1 place, USP is it is one of the most affordable universities in the UK
700 rooms with university that are in urgent need of refurbishment, clusters of 6-9 room with shared bathrooms, no facilities

100 rooms in Nelson Square which is fully occupied with a waitng list in place, all other rooms are in pubs and guest house conversions with no facilites and shared bathrooms
Interest: 5% INTEREST paid on deposited funds during construction - Deducted from final instalment of 25%
Assurance: 10% NET assurance Year 1, uncapped
Sizes: 10.7 - 17.7 sq.m
Facili es: Common room, Leisure room with popup cinema, gymnasium, meeting rooms/study rooms, central courtyard
and landscaped gardens, reception and lobby with seating area, laundry area, security and staff offices, communal toilets, cycle store
Lease: 250 Years
Ground Rent: £250 per annum (5 year review, index linked, 5% cap)
Completi on: Summer 2015
Payment Plan: £5,000 Reservation (£1,000 Administration & Handling + £4,000 Deposit)
50% (less £4,000) Exchange of Contracts
25% + 3 months
25% Completion Summer 2015