One Islington Plaza, Devon Street, Liverpool, Merseyside, L3 8HA
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Key features
- Units configured as two complete 6-bedroom cluster flats and three studio apartments
- Modern, purpose-built block completed in 2019 and presented in good condition throughout
- Prime location within a 12-minute walk of the University of Liverpool, 13-minute walk of Liverpool John Moores University, and 1-minute walk of Liverpool Hope University's Creative Campus
- Net operating income of £43,000 for the 2024/2025 academic year, equating to approximately £2,867 per unit
- Stable income profile forecast for the 2025/2026 academic year
- Fully managed, hands-off investment operated by Cloud Student Homes
- Strong occupancy rate of approximately 95% across the scheme
- Long leasehold interests of 250 years from 11 October 2016
- Offers invited. The preference is for offers for the portfolio in its entirety however consideration may be given to offers made for a collection of units or on an individual unit basis.
Description
One Islington Plaza is a modern, purpose-built student accommodation scheme comprising 317 leasehold units, including a mix of studios and cluster flats.
The subject property comprises 15 individual leasehold rooms, arranged as x2 self-contained cluster flats configured in 6-bedroom groupings and three self contained studio flats. Each cluster benefits from shared kitchen and living facilities.
The units are held on long leasehold interests for a term of 250 years from 11 October 2016.
Completed in 2019, the building is of modern construction and is presented in good overall condition. The development provides a comprehensive range of on-site amenities, including a gym, cinema room, communal lounge, dedicated study areas, games room, secure cycle storage and an on-site management team.
Individual units are fully furnished to a good standard, typically including a bed with under-bed storage, study desk and chair, wardrobe, and a private en-suite bathroom.
Location
The property is situated off Devon Street in the Islington district of Liverpool, an area that has experienced significant regeneration in recent years. Driven by increasing demand for both PBSA and residential accommodation, Islington has evolved into a vibrant and well-established living quarter.
The property benefits from excellent connectivity, with Liverpool city centre located an 8-minute walk to the west via New Islington Street and Hunter Street, providing direct access to the city's retail, leisure and commercial amenities.
Liverpool Lime Street railway station is within a 10-minute walk, offering extensive regional and national rail services. The property also benefits from convenient access to the M62 motorway via Edge Lane, providing direct links to the wider motorway network.
The immediate vicinity comprises a strong mix of purpose built student accommodation and residential developments, supported by a range of local amenities including supermarkets, cafés, bars and restaurants.
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Brochure
One Islington Plaza, Devon Street, Liverpool, Merseyside, L3 8HA
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Disclaimer - Property reference 223151FH. 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 WATLING REAL ESTATE LIMITED, Manchester . 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.