Beach House, Wales
Fully Ready & Tenanted, 7% Assured NET Yields for 5 Years
The Beach House is a Grade II Listed building located on Aberystwyth’s seafront promenade. The building is one of the town’s most prominent, overlooking Aberystwyth Pier and includes the interior terrazzo floored hall, internal staircase and inscribed glass commemorative plaque to reception.
Arranged over 5 storeys, the property is currently used as a thriving student accommodation on top 3 floors and a business centre providing 35 offices, 3 meeting rooms and a restaurant.
The property has recently benefitted from some modernisation with the installation of a new lift and automatic front doors. In addition the reception area, therapy rooms and offices have also recently been redecorated.
Multi let investment property is already generating gross passing rent of £335,056 per annum and a net passing rent in the order of £192,456 per annum.Investment Highlights
- Rental guarantee at 8% Net p.a for 2 years
- Fully built and pre-tenanted property
- Immediate income from day one
- Located on Aberystwyth seafront promenade
- Secure and hassle free investment
Type: Student Accommodation
Built & Occupied, fully-furnished, with private bathrooms, communal lounge, games /play room, modern kitchen and study areas. Close to university, Beach House is also protected by 24 hour CCTV and electronic entry system for complete peace of mind. This the perfect accommodation for any undergraduate, postgraduate or International student.Key Features
- High speed broadband throughout the building
- Great central location
- On-site management
- Lounge area
- Single and Double bedrooms
- High quality durable furniture, including bed, wardrobe, table and chair
- Free high – speed broadband
- Modern lighting
- Fully fitted kitchen, with fully integrated appliances including microwave, fridge freezer, kettle and toaster
- Table and chairs
With less than a mile away from the Aberystwyth University, Beach House is situated on the sea front directly opposite the Pier. It is only 1.3 miles away from the National Library of Wales.
Step 1: Purchaser selects their chosen en-suite
Step 2: Pay 10% reservation fee
Step 3: Pay 90% upon exchange of contracts within 28 days
Step 4: Management Contract & welcome pack issued
Step 5: Start receiving income