Liverpool city point: 7% – without waiting.
|Object||Student studio’s (completed 2013)|
|Location||Liverpool university district|
|Rental Yield||7% net yield (6.5% after costs)
(Assured for 2 years)
|Rental yield from||September-2018|
Most student flats are sold new and “off plan”. Investors need to wait until completion, which is in most cases 12-18 months away. This adds a “completion risk” to the investment and in many cases also a prefinancing.
If you prefer a “ready-to-go” investment, we can now introduce City point. The complex has been completed in 2013 and has been running with a 94% occupancy rate ever since. We have received all occupancy numbers and a very transparant calculation from student payment down to net receipt for the investor.
One of the investors has bought a high number of flats and is now willing to sell them at no more then 59.500£ for rental from September 2018. A rare opportunity to buy something relatively new with reduced risk.
Liverpool has no less then 5 universities within 2.5 km from each other with the University of Liverpool as most famous among them. The universities count around 70.000 students, growing with 5% annually. The rich of this world love to see their offspring study in UK and they are quietly helped by a cheap Pound. As only 20.000 flats are available for these students, rental prices keep rising. The 3 pahses of the Aura project will add 1007 units to the stock in Liverpool.
City point is located 4 minutes away from Liverpool University and 1.5 miles of all 5 universities in Liverpool.
As most other student houses, the complex consists of individual Studio’s and ensuites and a range of common areas: washing, shop, gym, relaxation rooms, projection room, reception and a kitchen per 6 ensuites. All flats are sold at the same price of UK£59.500.
7% (2 years)
The investor will receive a 2-year guaranteed rent of 7% (6.5% after all costs). That is slightly less then the 5-year 7.5-8% we are used to for off-plan student flats. But the investor has no building risk, no prefinancing and the complex has a full occupancy and a proven income. And with less then 60.000£, the entry is also relatively low. Ideal if you prefer not to wait for rental income to start flowing.
Now is a good time to buy…