The Pack Horse, Bolton

Should one be considering taking their first foray into the rental market or a more seasoned investor looking to swiftly bolster their property portfolio, this fabulous investment opportunity may provide the perfect prospect. Situated within this consistently popular and fully occupied student development amidst the vibrant centre of Bolton, these low-entry priced units realise an impressive annual yield and are an ideal way to dip one’s toe into the role of a landlord, whilst being fully supported by an award-winning property management company, focused on their commitment to both tenants and investors. This hands-off approach Is perfect for those who wish to grow their experience or are simply too busy to be involved in the process. Overlooking the stunning Nelson Square with its characterful cobbles, cenotaph and green space, The Pack Horse Hotel was an iconic landmark, synonymous with this traditional mill town which was once at the forefront of the world's cotton production. Re-modelled in 2012, this beautiful period building was transformed for a new purpose for the 21st century, sympathetically converted to a range of student suites and rebranded simply as The Pack Horse, a place to house our next generation of innovators and offering a positive environment in which to settle into university life. The sympathetic development of this stunning building provides a real lesson in how to retain character whilst offering all of the modern appointments and facilities one would expect of such a community, creating a new benchmark for student living and a welcome feeling more reminiscent of a boutique hotel than a residential building. Aside from the inclusion of all bills, including high speed WiFi, communal facilities include a concierge service, on-site gymnasium, lounge/recreation room, kitchen and laundry facilities, all of which aids in the creation of a wonderfully sociable environment and ensures one’s residents are very well catered for. Security features include CCTV in communal areas, an electronic key fob entry system and a secure bicycle storage area. The location is just as appealing, with the bustling central town centre location, as one would anticipate, providing plenty to attract its young demographic, including high street stores, independent shops and amenities, not to mention an array of drinking and eating establishments, which will be sure to score highly with those who enjoy an active social calendar. The University of Bolton is within a short walk, as is Bolton Interchange, a public transport hub which combines the town’s bus and railway stations, providing swift access to Manchester and beyond. Whilst the units vary in size and specification, this particular unit is one of the largest of its type and benefits from private kitchenette facilities and an en-suite shower room/WC. The property is tenanted until the 30th September, 2026 and currently commands an impressive annual yield of 8.80%. - Tenure: Leasehold - Lease Term: 125 years from 21st December, 2011 - Years Remaining on Lease: 112 - Ground Rent Payable: £250.00 p.a. - Service Charge Payable: £2,120 p.a. - Council Tax: Band A