Boulevard Works - Nottingham
Invest in a letting hotspot!
Additional units now available
(Click on the image for an enlarged view of Boulevard Works)
Boulevard Works has it all!
- Attractive conversion brimming with character
- High standard of finish
- Competitive pricing
- Big discount, low deposit, low fees
- Parking included
- Strong rental demand
Outline
The Investment Property Centre have negotiated exclusive deals in this scheme of 60 one-, two- and three-bedroom apartments by Watkin Jones.
Due to the phenomenal interest in our initial offering, we have managed to secure the entire development for our investors
Quality: Cutting edge design, state of the art technology and superb choice of location are the Watkin Jones trademarks and Boulevard Works in Nottingham is no exception. The apartments will be created by detailed and sympathetic refurbishment and conversion of an existing charismatic period building. Boulevard Works exhibits charm and character and has been architecturally designed to impress, with completion due for April 2006.
Location: Boulevard Works is just 10 minutes from the city with direct routes to all major road and rail networks. and is within two miles of a major teacher training establishment.
Value: Already priced to sell, with typical prices for one-bed apartments at £127,000 and two-bed apartments at £153,000, the apartments are available through The Investment Property Centre at a generous 15% discount. The deposit required is only 5%, and the arrangement fee has been held down to 1%. Parking is included in the price.
Demand: Local rental returns benefit from a massive undersupply of student accommodation, with only 10,000 places for more than 40,000 students. This in turn has led to a major shortage of rental accommodation across the board. Boulevard Works' proximity to major training centres ensures that it investors are able to benefit from this demand.
Rental income
Rented accommodation is at a premium in Nottingham. One-bedroom apartments of equivalent quality routinely achieve £595 p.c.m. and modern shared accommodation for students can achieve as much as £75 to £80 per room per week. These returns can satisfy mortgage lenders requirements of 130% mortgage interest cover.
Specification
All apartments will be completed to a high specification. Kitchens include all white goods: Oven, hob, extractor hood, fridge/freezer and washer/drier.
Price and availability
Apartments |
Floor |
Accommodation |
Sq m |
Parking |
List Price |
Discount |
Net Price |
|---|---|---|---|---|---|---|---|
| 4,6,8,10,12,14,16,18 | Lower Ground | 1 Bed | 41 |
No |
£125,500 | £19,000 | £106,500 |
| 24,26,28,30,32,34,36,38 | Upper Ground | 1 Bed | 41 |
No |
£126,750 | £19,250 | £107,500 |
| 44,46,48,50,52,54,56,58 | First Floor | 1 Bed | 42 |
No |
£127,500 | £19,000 | £108,500 |
| 1,2,3,5,7,9,11,13,15,17,19,20 | Lower Ground | 2 Bed open plan kitchen/lounge | 50-69 |
Yes |
£152,950 | £23,450 | £129,500 |
| 23, 25, 27, 27, 31, 33, 35, 37, 39 | Upper Ground | 2 Bed separate kitchen/lounge, mezzanine | 65 |
Yes |
£168,250 | £33,750 | £134,500 |
21 |
Upper Ground | 3 Bed separate kitchen/lounge, mezzanine | 94 |
Yes |
£163,000 | £26,050 | £136,950 |
| 40 [show apart] | Upper Ground | 3 Bed separate kitchen/lounge, mezzanine | 78 |
Yes |
£164,250 | £25,750 | £138,500 |
| 41,42,60 | First Floor | 2 Bed open plan kitchen/ lounge | 70 |
Yes |
£153,000 | £22,750 | £130,250 |
| 43,45, 47, 49, 51, 53, 55,57,59 | First Floor | 2 Bed open plan kitchen/ lounge | 52 |
Yes |
£152,950 | £22,950 | £130,000 |
Conditions of sale
- Reservation Fee: £500 payable immediately
- Arrangement Fee: 1% of discounted price, payable immediately
- Deposit: 5% payable on exchange
- Balance on completion. This is expected during April 2006.
Examples
One-bed Apartment |
|
|---|---|
| Reservation Fee | £500 |
| Arrangement Fee | £1,070 |
| Mortgage Broker Fee | £1,070 |
| Deposit | £6,530 † |
| Legal Expenses | £700 |
| Total | £9,690 |
Two-bed Apartment |
|
|---|---|
| Reservation Fee | £500 |
| Arrangement Fee | £1,300 |
| Mortgage Broker Fee | £1,300 |
| Deposit | £7.650 † |
| Legal Expenses | £700 |
| Total | £11,450 |
† In each case, should you secure an 85% LTV mortgage over the apartment, You will receive your deposit as a cash-back on completion.
Disclaimer
The details contained in this brochure are for guidance only. Any photographs, illustrations, plans and sizes, only give a general indication of the proposed development. The developer operates a policy of continuous development and features, specifications and external treatments may vary. The developer reserves the right to alter any part of the development. Particulars described in this brochure should not be relied upon as accurately describing any specific matters. Tables, projections and profit forecasts, are provided for illustrative purposes only. Property values and assumed rentals can decrease as well as increase. No express or implied income claims are made herein. Neither The Investment Property Centre nor any of its partners, directors, employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document.
The Investment Property Centre is not providing financial advice under the regulations of the Financial Services Authority and we recommend that before making any decisions based on the information provided, that you should consult with either the specialist advisors introduced to you by The Investment Property Centre or take independent legal and financial advice.
Please note that any information we provide is based on current market conditions and research conducted by The Investment Property Centre. We cannot be responsible for future changes in the market or market conditions. Mortgage applications are subject to individual status and no guarantees can be made that any particular applicant will obtain a mortgage on these properties or the value of the mortgage they will be able to obtain.
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