Northgate Point will provide 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.
The penthouse studio apartment is currently marketed at £79,000, currently tenanted at £160 per week for 51 weeks, generating a net yield of 7.8%.
1. Complete our reservation form and £2,000 reservation fee
2. Solicitor are instructed
3. Remaining balance due on completion
Current tenancy 51 week (Aug 18 to Aug 19)
£160.00 x 51 week = £8160.00
Management fees 4% plus VAT = £391.68
Service charge = £1649.13
Net = £6119.19
7.8% net yield
Ground rent £250.00 per annum
The site is located in a prime central location, 700 meters to the University of Chester Campus. This combined with the fact that the site is a short walk from central Chester, with all of its high street shops and bars making it an ideal site for student accommodation. Northgate Point will be fully managed by an experienced management company, providing investors with a 100% hands-off investment.
Chester has proved to be an immensely popular city to invest in, with people constantly in line waiting for new opportunities to arise. It is very hard, if not near impossible to receive planning permission in Chester due to the old heritage of the city, and properties within their famous city centre are prime.
Key to the success and growth of Hopwood House in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.
We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Hopwood House first when considering property investment in the North England.
We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.
If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either email@example.com or Tel: 0161 820 7063.
We look forward to hearing from you!