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Savills goes up Junxion for BTL

FPD Savills is offering a buy-to-let opportunity on student accommodation in Lincoln.

The Junxion comprises 99 fully furnished city centre apartments with four to six en suite study bedrooms, communal living area and kitchen.

The development will be sold on 199-year leases and can accommodate a total of 569 students.

Prices range from £160,000 to £275,000 with projected gross rental returns of around 8 per cent and budgeted net returns of 6 per cent for the first year of operating.

FPD Savills director of student team Simon Scott claims the development represents a very competitive return compared with traditional residential lettings. He says: “The Junxion advances the buy-to-let model, providing a city centre property investment, with an obvious income stream in place from day one.”

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