Studio flat for sale

Trafford Street, Chester, Cheshire, CH1

£75,800

Property Description

Key features

  • 8% NET rental yield assured for 5 years
  • Prime location: 200m from Chester City Centre
  • The latest Launch by the multi- award winning Property Alliance group
  • 100% hands off investment-fully managed by leading UK property management company
  • 6% PA interest paid on monies received between exchange and completion

Full description

PROPERTY and INVESTMENT DETAILS


With only 251 studios available in the whole of Chester, Article 4 has had a big impact on the city, so the need for high quality accommodation is in high demand.

Northgate Point consists of 121 large, High Spec, Fully Furnished, En- Suite Studio Apartments with kitchen, living area, en-suite and study space.

Development includes: hotel themed lobby, manned reception, group study areas, pool tables/games room, cinema room, launderette, cycle storage, parcel delivery room, wifi connection, CCTV video security, security access.


8% Net Investment Yield, assured for 5 Years and 6% interest p.a. paid from exchange through to completion- The 6% interest starts from exchange of contracts through to completion and is paid monthly in arrears. (Overseas investors please note that in order for the 6% monthly interest payment to be made, you will require a UK based bank account, or the 6% will be accrued and deducted from your final payment).

The investment assurance is calculated on the purchase price and covers void periods or shortfall on your return under the 8% net yield during the course of the 5 years.

The developer has 'ring fenced' a set amount into a separate account which can only be accessed in these circumstances.


September 2016 completion - The developers are currently on site and are on time and on budget for a Sept 2016 completion.

Full Title Deed Ownership. Leasehold with a 250 year lease.

Fully Managed by Student Facilities Management (SFM) - who will source and manage the tenants, and deal with the day to day management and running of the building, making this a 100% hands off investment. SFM is an experienced student management company who are well respected in the industry. They currently have a 4,000 bed portfolio and boast a 100% occupancy from day 1.

They hold an Annual AGM providing an opportunity for investors to meet with the management company and discuss the income, expenditure, marketing, maintenance and upkeep of the building for the year.


Listing History

Added on Rightmove:
29 December 2015

Nearest stations

  • Chester (0.4 mi)
  • Bache (0.9 mi)
  • Capenhurst (4.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Sand Royale, Leigh-on-Sea

Businessland Group 8 Maderia Ave Leigh-on-sea Essex SS9 3EB

01702 744167 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Chester (0.4 mi)
  • Bache (0.9 mi)
  • Capenhurst (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Sand Royale, Leigh-on-Sea

Businessland Group 8 Maderia Ave Leigh-on-sea Essex SS9 3EB

01702 744167 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference NorthgatePoint2. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sand Royale, Leigh-on-Sea . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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