We are pleased to present this chance to invest in a fully furnished self-contained premium single studio in Chester located minutes from the well-regarded institution – The University of Chester.
The studio features a large living space and has been finished to the highest standard. The on-site amenities such as a gymnasium, game room, cinema room and secure bicycle storage continues to make the development a popular choice with the students in the area
Chronicle House is located on Commonhall Street in the centre of Chester, within the old city walls. The city’s impressive shopping areas and the University of Chester are only a few minutes’ walk away from the development, making it extremely attractive to student tenants looking for a great university lifestyle experience.
Chester is a beautiful historic city, situated close to Liverpool, Manchester and the Welsh border, this ancient city has excellent transport links, an interesting mix of heritage and culture, and plenty of opportunities to attract workers, students and investors. The city of Chester is what many picture when thinking of a university town, a charming city which oozes tradition and culture.
The University of Chester boasts an impressive 88% student satisfaction rate and has invested vast amounts of money on improved teaching and sports facilities, a massively expanded library and a new multi-million pound engineering campus over the years, however there is still a critical under-supply of student accommodation in the city. In this case this is favorable as it makes purpose-built developments like Chronicle House in such high demand!
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £6,710
Ground rent: £200
Service charge: £2,158
Lettings fees: £644
Net income: £3,708
Gross yield: 8.95%
Net yield: 4.94%
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-12890