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.
Arkle Court, The Holkham, Vicars Cross, Chester CH3
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.