Overview

ClicPad are delighted to present Northgate Studios, a luxury student development, ideally located in the growing economy of Chester.

Northgate Point & Northgate Studios provides 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 units are self-contained studios with an en-suite bathroom, bedroom area, study area, bespoke kitchen and living area. Currently tenanted up to £160 per week, you can generate NET yields of up 7.5%.

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.

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.

Purchase Price: £57,600.00

Ground Rent: £320 per annum

Service Charge: £2,198.00

Management Fee: 4%+VAT (£316.00)

Gross Rental: £7,905 (51 weeks) 

Net Rental: £5,071 (7.5%)

Tenanted at £155 p.w. until Sept 2024

Net rental income: £5,071.00 per annum

Price range:

Studio apartment 86 £57,600

Completed

Payment Plan

Complete a reservation from to secure the unit and provide Certified

ID, Proof of Address & Proof of Funds.

Pay a £2,000 non-refundable reservation fee

ClicPad broker fee 5%

Solicitors instructed

Balance due on completion (less reservation fee paid)