Studio for sale in Trafford Street, Chester CH1

Studio for sale 1
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Property features

  • 8% net rental yield assured for 5 years
  • Prime location: 200m from Chester City Centre
  • The latest Launch by the multi- award winning Property Alliance group
  • 100% hands off investment-fully managed by leading UK property management compan
  • 6% pa interest paid on monies received between exchange and completion
  • Completion August 2016

Property description

Property and investment details

With only 251 studios available in the whole of Chester, Article 4 has had a big impact on the city, so the need for high quality accommodation is in high demand.

Northgate Point consists of 121 large, High Spec, Fully Furnished, En- Suite Studio Apartments with kitchen, living area, en-suite and study space.

Development includes: Hotel themed lobby, manned reception, group study areas, pool tables/games room, cinema room, launderette, cycle storage, parcel delivery room, wifi connection, CCTV video security, security access.

8% Net Investment Yield, assured for 5 Years and 6% interest p.a. Paid from exchange through to completion- The 6% interest starts from exchange of contracts through to completion and is paid monthly in arrears. (Overseas investors please note that in order for the 6% monthly interest payment to be made, you will require a UK based bank account, or the 6% will be accrued and deducted from your final payment).

The investment assurance is calculated on the purchase price and covers void periods or shortfall on your return under the 8% net yield during the course of the 5 years.

The developer has 'ring fenced' a set amount into a separate account which can only be accessed in these circumstances.

September 2016 completion - The developers are currently on site and are on time and on budget for a Sept 2016 completion.

Full Title Deed Ownership. Leasehold with a 250 year lease.

Fully Managed by Student Facilities Management (sfm) - who will source and manage the tenants, and deal with the day to day management and running of the building, making this a 100% hands off investment. Sfm is an experienced student management company who are well respected in the industry. They currently have a 4,000 bed portfolio and boast a 100% occupancy from day 1.

They hold an Annual agm providing an opportunity for investors to meet with the management company and discuss the income, expenditure, marketing, maintenance and upkeep of the building for the year.
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Sand Royale, SS9 on +44 1702 787668 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sand Royale, and do not constitute property particulars. Please contact Sand Royale for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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