Manchester has the UK and Europes largest education and university campus‘ and is home to over 85,000 domestic and international students. The student population alone makes up to 14% of the total population of Manchester. Boasting 100% occupancy for 2018/2019 X1 makes for a great investment for any investor looking for high returns and taking advantage of this investment type.
3 x Student Studio apartments with shared kitchens in X1 Chapel Street, Manchester available to purchase separately at £58,000 each. This area has fantastic links to the University of Salford, Manchester Metropolitan University and The University of Manchester. The studios all comes fully furnished to a very high standard, and also have great views across the City. They all share a kitchen with 3 other rooms. There is an onsite site, laundry, secure bike storage and 24 hour security. The development was completed around 2013 and has enjoyed a full occupancy level since then.
Investment Highlights Student tenants only (no professionals allowed to live in the building) Double en-suite rooms - 12.1 sq m Service charges - £1924 per annum Lettings fees - 8% + VAT Lease - 999 years from 2014 Ground rent - £350 per annum Let at £135 pw x 48 weeks for academic year 2019 - 2020 Net yield - 6.3%. Ground Floor 24Hr Access to on-site Gym Safe & Secure Fob Access Salford Central(0.3 mi) Salford Crescent (0.6 mi) G-Mex (0.7 mi)
A student en-suite pod
X1 Chapel Street is in high demand with students as it features great facilities
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Tenure: Leasehold (999 years) Ground Rent: £250 per year Service Charge: £1,949 per year