• studio flats with an established history of letting to the student market.
• Massive discount from the RICs appraised market value.
• 6 month rental guarantee
• Yield in excess of 10%
• ex local authority style construction.

Heavily discounted, high yielding studio flats available formerly owned by the university of Coventry. All studios are identical in layout and come with a 6 month rental guarantee. These properties are not at all visually attractive but offer an occupied yield in excess of 10%.

The flats are approximately 42 m2 and consist of

A lounge/bedroom with a kitchenette adjoining fitted with a sink unit and a cooker. Bathroom fitted with bath, wash basin and w.c. Hallway with a heater cupboard and other cupboards.

The property comprises a seventeen-storey unit cast in a concrete frame with pre-cast concrete cladding panels. The building has concrete floors, a flat roof and has upvc double glazed windows throughout. Two lifts service the building with two stairwells. The building is also supported by a security office with 24 hour concierge/security officer.

The ground floor consists of a service area with a bin-store, storage room, security office, cupboards etc. together with the warden’s flat.

128 units in total, 64 studio units and 64 one-bedroom flats, 4 studio and 4 one-bedroom units per floor, 8 in total per floor.

The properties are band A for council tax purposes.