Description:

Tenure: Leasehold

For Investment Purposes ONLY

A conversion of a former hotel, Landcross House will be refurbished to the highest of standards.
Launched by an experienced developer in the residential market, these self-contained studios are the perfect solution for students or young professionals who are looking for a competitively priced property that is close to the city centre.

Investment Overview

Manchester City Centre
7% Net Rental Income
Excellent Transport Links
Private Parking
Secure Bicycle Storage
Ideal for Students & Young Professionals
Managed by PRIMO Property Management

Let and managed by PRIMO Property Management, Landcross House is a hassle-free, hands-off investment that is perfect for any property portfolio.

Student Property Market

The student accommodation sector now outperforms every other asset class in the UK and last year witnessed a staggering £2.7 billion invested, a 125% increase on investments in 2011. In spite of increased tuition fees, UCAS continues to report record numbers of applications, with over 600,000 applying for just 400,000 places for the 2013/14 academic year.

This extraordinary demand shows no sign of slowing down which means universities across the UK are now facing the problem of housing students. Many institutions fail to house their entire first year intake and accommodation for years 2 and 3 is even scarcer.

It is of no surprise that most purpose built student accommodations face occupancy rates of 99% or higher and are consistently delivering impressive yields in excess of 9 and 10%.
The highest yielding student properties appear to be in the north, where property prices are low but still command impressive rents.

"Student accommodation rentals are predicted to grow by 5% in 2014/15" - Knight Frank



Manchester City Centre
7% Net Rental Income
Excellent Transport Links
Private Parking
Ideal for Students & Young Professionals