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Investment
£59,995

Studio for sale Chronicle House, Commonhall Street CH1

1 bath
1 reception

Property location

  • The Queen's School0.2 miles
  • University Church Free School0.4 miles
  • Chester0.7 miles
  • Bache1.3 miles

Features and description

**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Chronicle House is a state-of-the-art property in the heart of Chester, perfectly designed with its student tenants in mind. As well as high-end communal areas such as a private gym and common room to allow residents a place to relax, unwind and socialise, this development also offers privacy and luxury in the form of stunning private studio apartments.

Chronicle House boasts spacious studio apartments, ample floor-space, bespoke fixtures and furnishings, a private en-suite bathroom and a designated study area.

However, it’s not just the on-site facilities that make Chronicle House so popular with its student tenants—this student hub is perfectly situated in the heart of Chester, just a stone’s throw away away from the shops, bars, restaurants and cafes of Chester city centre, as well as a short walk to the University of Chester.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £6,050
Ground rent: £282
Service charge: £2,319
Lettings fees: £823
Net income: £2,626
Gross yield: 10.08%
Net yield: 4.38%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-12867

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