Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- Generates £4,378 net rental income per year
- Completed and tenanted student studio
- Currently tenanted at £145.00 per week
- Fully managed by StudentFM, one of the leading student management companies in the UK
Spacious, tenanted student studio for sale in the hugely popular Northgate Point student development in Chester city centre. Generates £4,378 net rental income per year (6.8% net rental yield).
Pure Investor are delighted to present the hugely popular Northgate Point student development in Chester city centre.
The units are self-contained studios with an en-suite bathroom, bedroom area, study area, bespoke kitchen and living area. Currently tenanted at £145 per week, you can generate NET yields of up 6.8%. An experienced and highly professional student property management company (StudentFM) manage the building, and as such this is hands free investment opportunity.
Northgate Point provides individually-designed luxury studio apartments for UK and overseas students living in Chester. The spacious contemporary studios have been designed with students in mind with floor-to-ceiling windows to optimise natural light and separate living, study and sleeping areas.
Northgate Point - Investment Highlights
- Purchase prices from just £63,500
- Generates £4,378 net rental income per year
- Currently awaiting confirmation on new tenancy for 2023-24
- Perfectly located in Chester city centre
- Completed development since 2016
- 700 meters to University Campus - ideal location for students!
- Close to local amenities
- Fully-equipped kitchen facilities and modern designed shower rooms
- 24/7 security
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on February 18, 2022
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 18, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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