Residential Estates is pleased to be able to offer this high end renovation of an old police station on behalf of the Abode Student Group. The development is situated in the heart of Stoke on Trent less than 10 minutes walk of Staffordshire University, and will provide investors the opportunity to purchase a fabulous income generating asset in the PBSA sector, one of the fastest and most popular asset sectors in the property investment market.
181 studio & 2 bed apartments, across two contemporary styled blocks, will be completed to the highest standard and all including furnishings. Residents at The Villas will enjoy a luxury leisure suite which will include a full state of the art gym and cinema room and also enjoy CCTV security, Study Rooms, Laundry Facilities, Cycle Store, 40-inch SMART TV‘s. State of the Art Facilities
Students living in The Villas At The Villas students will have access to premium state of the art facilities, some mentioned above, but also the communal area‘s have been carefully designed to create a sense of community, the communal hub serving fresh tea and coffee of a morning and the communal kitchen suite will provide students the facilities needed to make hot food.
Why The Villas as an Investment? 75% of UK students living in PBSA state they would recommend their accommodation to new students 78% were satisfied with their accommodation 40% of first-year students living in PBSA say that living with a leading, recognised management brand is a key influencer when choosing their accommodation In 2019 over 15,000 students were enrolled onto Staffordshire University courses Staffordshire University has received a gold award in the 2019 Teaching Excellence Framework Guaranteed 8% NET yields for 3yrs excluding ground rent High Demand Area Investors are able to purchase single apartments in Block 1, whereas Block 2 is available for those considering a full block purchase. Block 1 - Individual Apartments Available 39 Apartments A mixture of standard and premium studio apartments Block 2 - Available to purchase as a full block 135 Apartments A mixture of standard, premium studio apartments and 2 bedroom apartments
Tenure: Leasehold (125 years) Ground Rent: £350 per year Service Charge: £1,350 per year