Property description
LUXURY NEW BUILD APARTMENT WITH 10% NET RETURNS
It’s the most exciting new development, in what the locals will tell you is England’s most dynamic northern city. Frankly, when you see the scale and ambition of Fox Street Village, set within the new Project Jennifer development, we agree!
Fox Street Village will be completed in time for the start of the 2016 academic year in September 2016. It will be a stunning combination of old and new: an attractive red-brick Victorian warehouse from Liverpool’s commercial heyday, converted into luxurious and innovative accommodation.
With a range of options from studios to ‘clusters’, it will attract everyone from students, nurses, doctors and professionals within a village-like and upmarket community, the convenience of local shops and transport on the doorstep and Liverpool city centre within walking distance. It is quality heaped on quality.
Facilities will include:
150 studio apartments of 302m
80 en-suite bedrooms
2- to 5 bedroom clusters.
Car parking
Central reception
Gym and yoga studios
Communal lounges and café
All fixtures and fittings are included, from TVs to bedding, crockery and even towels – all set for the student, possibly from overseas, to move right in.
Clusters
Put simply it’s like sharing a flat, but better, since each bedroom comes with an en-suite shower room. Each bedroom also has a 32” TV, double bed, wardrobe, desk and chair. The cluster’s lounge and kitchen is beautifully fitted out with sofas, dining tables and chairs and a high-gloss kitchen.
The project is not just aimed at undergraduates. It will appeal to post-graduates, trainee doctors, apprentices and professionals too, a tempting alternative to HMO accommodation
Project Jennifer
Fox Street Village won’t stand alone. It is part of the Project Jennifer community, with another 500 homes and community services such as GP surgery. With full planning permission already granted, work has started turning these 45 acres on the northern side of Liverpool city centre into a £150million mixed use community including a large Sainsbury’s supermarket, 80,000 square feet of new shops and an indoor and outdoor market.
The deal
We believe this a highly secure investment with a seriously good return. It has full residential planning, meaning investors may sell the properties on with no restrictions on either lettings or sales. The developer and management company both have long and successful track records, indeed similar developments even at 30% higher rents are 100% let.
Each type of property comes as 250 year leasehold. It will be managed by Derwent Students, with rent paid back to investors quarterly, for the first two years at 10% net yield.
FOR MORE INFORMATION PLEASE CONTACT THE PROPERTY SUPPLIER
Property Features :
- 10% NET RETURN
- PART OF THE PROJECT JENNIFER DEVELOPMENT
- GYMNASIUM
- YOGA STUDIOS
- FULLY FURNISHED