Opis:

With an ever-growing student population, the historic city of Chester is the perfect location for a student accommodation. A building formerly owned by The Mirror Group (TMG), the 61-unit development is within walking distance of local shops, restaurants and bars, and is just a 6 minute drive from the University of Chester, making it an ideal student location. Each fully furnished studio is fully self-contained including en-suite. Students will also have access to a range of communal facilities including a fully equipped gymnasium, laundry, bike storage and entertainment lounge. This new student accommodation project in Chester offers students the opportunity to live in a high quality student residence, within walking distance of all local facilities and amenities. Located in the North West of England in the county of Cheshire, Chester is one of England´s most beautiful, historic cities. From its foundation as a Roman fortress 2,000 years ago, Chester has succeeded in preserving its inimitable character whilst offering everything that you would expect from a modern city today, as it becomes a must-visit destination. The City of Chester can be described as a vivacious blend of shops and cafes, ancient walls, Rows and architectural and archaeological features. Its unique high street is famous for its Tudor fronts and independent boutiques, summing up the old fashioned, quirky charm of the whole city. With the city´s popularity thriving, Chester is a hotbed for all year-round events. There are arts festivals, exhibitions and street entertainment - including the renowned Chester Races and the highly admired Chester Zoo. The city is growing, and as more young professionals and students see its potential and unique energy, it will continue to flourish.Studios: Priced at £64,995Deluxe Studios: Priced at £74,995Premium Studios: Priced at £69,995Offering an assured NET rental yield for the first two years, the building will also be let and managed by an experienced team, with the added benefit of a managed office on-site. Financial projection of premium studio (£69,995)*Weekly Rent: £150.00Management Fee: £459.00Maintenance Fee: £1,224.00NET Income: £5,967.00NET Yield: 8.52%Gross Rent: £7,650.00Frequently asked questions:Am I buying as freehold or leasehold? 250 years leaseholdAre there tenants already in place? No, this is a refurbishment of a former office buildingWhat are the projected annual returns on this project? Returns of 8.52% are assured for the first 2 yearsCan I receive finance on this development? There is currently no finance offered by the developerWhen is my rental income paid? Quarterly in arrears, direct into your bank account from completionIs there a management company in place? Yes, who will block manage and let the buildingCan I re-sell my unit? Yes, you can sell at any time after exchange of contractAre there any restrictions if I want to sell? Yes, it is a student development, so the room must be sold as student accommodation