Two high quality, spacious student studios (20.5sqm and 21.0sqm) for sale in the popular Paramount student development in Liverpool city centre. These fully tenanted student studios, with ensuite bathroom and integrated kitchens offer investors the opportunity to invest in a fully managed student development, which comes with a net annual rental income of £6,500.00 per year per unit.
The Paramount is a purpose built development comprising of 488 units over 10 floors. It offers a variety of 441 en-suite student bedrooms and 47 studio study rooms complete with kitchen. The student bedrooms are arranged in clusters of 4-6 units (with one 7 bed cluster), each sharing a communal area complete with kitchen, dining area and lounge.
The Paramount - The Investment Highlights
Earn £6,500.00 net per annum (£6,750.00 less ground rent of £250.00)
One year assured rental already paid to owner
Four years remaining on assured rental return
Just two units available on resale basis
Excellent city centre location
Short walk to both major universities
High quality student units
Over 60,000 full time students in Liverpool
The Paramount - Location in Liverpool
The Paramount has an extremely attractive city centre location, with all 3 university campuses within a 10 minute walk. That will certainly impress the discerning student looking for the very best accommodation with a city centre location. This location is not only ideal for the proximity to the universities but also for shopping and the city’s famous and vibrant night life.
The Paramount will be a fresh, contemporary piece of architecture adding a bold statement to Liverpool city centre and rejuvenating a very prominent site in the city. The development is located to the rear of the Empire Theatre and is directly opposite Liverpool’s main train station; Lime Street station.
The Paramount - Purchase Process
Stage 1. Complete reservation form and pay reservation deposit of £6,020.00 (includes non-refundable finders fee of £850.00 plus VAT). £5,000 reservation fee is fully refundable up to exchange of contracts.
Stage 2. Solicitor instructed, legal's and sales pack sent out
Stage 3. Balance paid on exchange and completion of contracts, typically within 28 days
