Asha House, Woodgate, Loughborough, Leicestershire, LE11

Flat 22 at Asha House represents an investment purchase for student let accommodation, the property consists of six bedsit rooms with room A being a deluxe room measuring approximately 189 square feet (17.6 square metres) and rooms B, C, D, E and F being standard rooms measuring approximately 136 square feet (12.6 square metre) all complete with furniture, communal living dining/kitchen with all integrated appliances shared by the four bedsit residents. Asha House consists of 126 bedsits located at the heart of Loughborough town centre, the building has a secure key fob entry and intercom system, 24/7 CCTV, lift and stairs to all floors, laundry facilities, on site and out of hours team, contained refuge area and secure bicycle storage. The building is maintained under a management company on a yearly basis setting rents, service charges (3.1% per apartment unit) who collect the rents and pay 40% of the net rental income in October, 40% in January and 20% in April, based on a 46 week contract with the students and a rent of £110 per week (the service charge for Flat 22 per annum is £18,531, current net annual rent of £11,829 returning a yield based on current net income of 8.4%). The students that accommodate the Flats, generally tend to be post grads or masters. The properties are leasehold for 125 years from 2007 with a current remaining lease of 109 years.

Important Additional Information	The management company is irrevocably appointed to deal with the lettings and property management ,the planning permission is student use only and that a void sharing scheme operates whereby empty/discounted room rents are shared across the entire building the full details of which are contained in the apartment lease and memorandum and articles of association.
Room Amenities	Double Bed Large Study Desk 2 Drawer under Unit Large Wall-Mounted Shelving Unit Floor to Ceiling Wardrobe Bedside Shelves Pin Board Blackout Curtain Over-Bed Wall Light Waste Bin Chair Electric Shower Extractor fan, Wash basin and Toilet Towel Rail and Toilet Roll Holder Breakfast bar and stools Freestanding Fridge/Freezer and Free Standing Cooker with Four Ring Hob Dishwasher, Microwave and Kettle Sofa and Coffee table 2 inch TV with access to Freeview
Common Amenities	Lift Access to all Floors Contained Refuse Area On-site Laundry Facilities Secure Bicycle Storage
Safety and Security	Secure Key Fob Entry and Intercom System On Site Out of Hours Team 24/7 CCTV
Bills Included	Wi-Fi Water Electricity Heating
Property Rules	No Smoking No Pets No Cooking in Bedroom No Deep Fat Fryers No Chip Pans
Note	Asha House is a five minute walk from Loughborough town centre and there is a regular service to Loughborough University via bus.