Property description
Northgate Point will provide individually designed luxury studio apartments for the next generation of UK and overseas students living in Chester.
The development is 5-storeys in total with the 5th floor set back away from Trafford Street. Of unrivalled standards, a total of 121 student studio apartments range in size from
23m2 - 40m2. 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.
Additional facilities for students will include cycle storage, group study areas, vehicle drop off point storage, laundry facilities, secure door opening systems and a manned reception. The scheme will be completed by September 2016.
The site is located in a prime central location; within l 0 minutes walk from The University of Chester Campus.
Additionally, it is also walking distance from the Chester Railway Station, the high street shops and bars of Chester City Centre, making it an ideal site for student accommodation. Northgate Point will be fully managed by an experienced management company, providing investors with a hands-off, high returning investment.
With no other student accommodation development in Chester offering the same level of quality, Northgate Point will provide a high standard of living for students for years to come and a university life experience like no other.
Offering a 40% net return over 5 years, starting in September 2016, Northgate Point offers 121 high specification fully furnished student apartments located in the heart of Chester. With build completion on target for August 2016, there is an 8% net rental yield assured for 5 years. In addition there is 6% interest payable on monies deposited prior to completion. Excellent investor opportunity, limited availability.
Prices range from £74,088 to £101,888
51 Week tenancies
8% Yield assured for 5 years
Excellent opportunity for investors seeking high yield
On site management
High specification