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Buy to Let: 2 Bedroom Apartment

63C Shore Street, Gourock, Inverclyde, PA19 1RF

WHY INVEST IN THIS PROPERTY

  • One of Scotland’s smallest regions but with the warmest welcome, Inverclyde sits at the mouth of the River Clyde.
  • ​Greenock has been voted by HBOS Glasgow's 'most affordable commuter town'.
  • ​​Inverclyde Council has a £270 million investment to develop outstanding educational facilities for future generations

THE NUMBERS

  • Purchase price: £65,000
  • ​Sourcing Fee: £2,000 + VAT
  • ​Rental Income Annual: £5,400
*For further information, text: "425" to 07803 410 237

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A Fully Managed, Assured Returns 
UK Property Investment
Diamond proudly present an investment opportunity which is fully managed, fully furnished and offers you 7% assured yield for 5 years with a 110% buyback option at the end
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A Cut Above The Rest.
  • OFF MARKET. This opportunity is solely available to Diamond Investors
  • GUARANTEED EXITS. Guaranteed Tenant and 110% Buyback Guarantee
  • HIGH SPEC, HIGH DEMAND. Shortage of student accommodation and none to this spec in area
  • FULLY FURNISHED. Ready to welcome tenant straight away with no cost of furnishing
Lancaster
A UK City of Opportunity
  • DEMAND. Lancaster University has 18,000 students, however it is estimated that there is currently only 1 student bed per 10 students...
  • TOP UNIVERSITY. Won 2020 University of the Year Award and is consistently one of the UK top 10 for education. So a high value university!
  • INVESTMENT HOTSPOT. Lancaster is ranked in the top 10 areas to invest in property in the UK
  • INVEST FROM ANYWHERE. Because this investment is fully managed. You never need to visit here yourself and can invest from anywhere in the world!

The Numbers

  • £94,950 - £108,500 dependant on size and spec
  • ​*LTV 70% - 75%
  • ​Sourcing fee: £3,000 + vat (Discount if purchasing in multiples)
  • ​​Reservation fee: £5,000 (Taken off from your purchase price)
  • ​Furnishing and advertising: £0
  • 110% Buyback Guarantee
  • ​7% Guaranteed Yield assured for 5 years
  • ​Income pcm: £550 - £624
  • ​Income per Annum: £5,594 - £7,490
*Subject to status and lending criteria. Please check with your finance broker or lender.

Why Student Accommodation?

  • There is a large demand for accommodation with UK universities currently having over 2.4 million students and growing every year
  • ​Many students are unable to learn online and still need to attend. So safe, high spec student living is more desirable now than ever
  • ​We are so confident that there will no void periods, that you will be paid rent even if a tenant can't be found straight away!

 Earn Hands-Free Income Now (The Process)

  • ​​Receive call from Diamond Investor Team to confirm plot, price and payment method. Then pay Sourcing Fee of £3,000 + vat (Discount if purchasing in multiples)
  • ​Make reservation payment of £5,000 which will be taken off of your purchase price
  • ​​Your Account manager will introduce you to our pre-arranged solicitors & brokers who can ensure efficient, seamless completion
  • ​Once you complete, you will instantly begin earning income at your 7% Assured Yield for a minimum of 5 years

FAQs

ARE STUDIOS DELIVERED FURNISHED?
Yes. For ease of purchase, each studio is delivered fully furnished to appeal to the student market.
WILL THE DEVELOPER OWN THE FREEHOLD?
Yes, the developer will continue to own the freehold. However, they do offer a leasehold for 125 years on each unit.
WHAT IS THE ADDRESS OF THE DEVELOPMENT?
Silk Mill Suites, Chapel Lane, Galgate, 
Lancaster LA2 0PR
ARE MY RETURNS ASSURED? IF SO, HOW LONG FOR?You will receive a contractual return of 7% NET per annum for 5 years.
WHAT HAPPENS AT THE END OF THE ASSURED RENTAL PERIOD? In most cases, the developer will continue to manage the property and offer a revised assured rent. However, there is also a developer buyback option in place from year 6, should you wish to sell your studio.
DOES THE DEVELOPER HAVE A TRACK RECORD?
Certainly, both have a long and distinguished record of delivering a substantial return on investment from its developments - particularly in new build and renovated student accommodation.
CAN I RESELL MY UNIT AT ANY STAGE?
Yes, upon completion of your purchase, the leasehold is yours to sell.
WHAT IS THE RESERVATION FEE?
To reserve your unit, you are required to pay a fee of £5,000 per unit. This will be deducted from your purchase price upon completion.
HOW DOES THE BUYBACK OPTION WORK?
From the start of year 6, you are given the option to sell back to the developer for 110% of your original purchase price. Please note that you may sell on the open market if you wish to.