Northgate Studios, Chester
From £71,500 1 1
CONTRACTED MINIMUM RETURN OF 8% NET
CONTRACTED MINIMUM RETURN OF 8% NET FOR 5 YEARS
Fully managed, hands off student investment property in Chester City Centre.
Located in the historic University town of Chester, North West of the UK, NORTHGATE STUDIOS is a brand new, purpose-built development supplying the demand for high quality student accommodation in the area.
The development is 6-storeys in total with the 5th floor set back away from Trafford Street, Chester and offers a total of 150 student studio apartments varying in size from 20 sq meters - 36 sq meters. Each unit is designed to match the current market demand for high-specification accommodation, and includes: en-suite bathrooms, bespoke kitchens with contemporary appliances living, study and sleeping areas.
NORTHGATE STUDIOS will provide individually designed luxury studio apartments for the next generation of UK and overseas students living in Chester. Students benefit from the fantastic location, with Chester City Centre and the University campuses all close by.
The University of Chester attracts students globally from over 50 different countries around the world and boasts the 4th highest growth in student applications in the UK. The universities are increasingly relying on private accommodation solutions.
Home of 2 of the most well-known universities in England
Ground rent: £300pa
£5,000 Reservation Fee*
50% on Exchange**
25% Stage Payment
(6 months after start on site)
25% on Contract Completion
* Deducted from Contract Exchange Monies
** 5% PA interest payable, monthly in arrears, on monies received after Exchange of Contracts