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PostPosted: Sun Feb 15, 2015 7:38 pm 
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Hello,

I am presently living in the UK but looking to relocate to Paphos.

I was wondering if there is anyone who is currently struggling to sell their property or struggling to rent it out who might be interested in a property swap ??

I currently own six student 'pods' in the Manchester area. They are currently being advertised for sale at £165,000. This is a 'Hands free' investment.

In 2011 they were independently valued at £35,000 each.

I am offering:

8% net annual return on investment (£13,120) guaranteed for two years as an assurance to the buyer. (Average buy to let net yields are typically around 5% after all fees)

Completed and tenanted student accommodation in Whalley Range, Manchester. The student pods were bought for cash (no mortgage) and are 100% owned with nothing owing.

The hall of residence is in the quiet residential neighbourhood of Alexandra Park and is only 10 minutes from the Manchester universities.

Very recently purchased.
Original purchase Price for all six units: £189,000

The requirement to relocate by the owner for family reasons and the consequent need for liquid assets and a quick sale has forced the reluctant marketing of the student units.

The management company has confirmed receiving at present; £75 per week x 44 weeks of the year = £3,300.
This will increase in August 2015 to £80 per week.

8% contractually assured rental income is offered for the first two years. Following the first two years a rental yield opportunity at 12% gross of fees is possible. In addition, the vacant weeks in the summer can be used for language student summer courses which would generate more income/yield. Taking a generic 30% management charge then a 8.4% Net minimum yield could be achieved ongoing. The ground rent of £200 per unit has been paid to the end of 2015.

Potentially a great investment with the new management company coming on-board, improvements with general maintenance and marketing in relation to the letting side of the business and the newly formed committee/co-operative being elected by the owners and from the owners.

All six units are incorporated in a co-operative of landlords where all net rental income is distributed as a dividend to all owners. This is therefore a 'hands off' or 'hands free' investment.

Monty Halls Investor highlights ;

- The student population in Manchester is over 90,000
- Completed development
- BMV student accommodation
- Annual maintenance costs include Water, Gas, Electricity and Wifi
- On-site parking available. (Most developments have no car parking facilities)
- 24hr on site management
- Spacious shared recreation area
- Hands free investment opportunity
- Mature gardens and leafy surroundings
- Barbeque facilities
- Free minibus service to the city centre
- On site laundry facilities
- On site gym facilities (additional charge of £10 per term for gym use.)
- Bike store

Sale or swap for property of similar value (or lower value plus cash).

Contact Chris


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PostPosted: Mon Feb 16, 2015 8:27 am 
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Joined: Thu Jan 03, 2008 8:08 pm
Posts: 11399
Location: Kallepia, Pafos.
Christopher, email me at [email protected]

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