London Student Property Accommodation Investment | Greenwich
NEW RELEASE: 23th January 2012
Investment Summary:
A new build, purpose-built student residence with 10 en-suite rooms and 52 studios. Located in central Greenwich with easy access to the university just 5 minutes walk away and central London just 15 minutes by underground.
There is an acute under supply of high quality purpose built student accommodation to service the 28,000 student population of Greenwich. Currently the University provides approximately 2,300 places in halls of residence on or near to the main campuses - less than 8% of the student population.
The accommodation will be classed as luxury in the market place with high quality finishes and with the units decorated with carpet, blinds or curtains, a work station, wardrobe and storage space. In the studios there will also be a kitchenette area and lounge chair. All rooms will have access to Wi-Fi - internet connection and a plasma television will also be provided.
Key Investment Points:
- Assured 9% NET Yield in Year 1.
- No finder's fee.
- Income Paid Monthly Starting November 2012.
- Brand new high specification purpose-built student accommodation
- 250-year lease hold purchase.
- Deposit Funds held by Solicitor.
- Investment supported by market analysis.
- Prime Zone 2 location less than 1 mile from major London University and over 28,000 student population.
- Spacious en-suite rooms - £75,700.
- Modern studio with kitchenettes - £85,000.
- Access to on-site gym.
- Security of long-term tenancies.
- Experienced developer with proven track record.
Rental Demand
As already mentioned there is an acute under-supply of high quality purpose built student accommodation.
Similar student accommodation based in Greenwich offers a lower standard of accommodation and smaller rooms, which rent for £180 to £220 per week which are consistently 100% fully booked. This is without extra facilities such as a gym which this property has.
Given the new build quality, the flat screen TVs and Wi-Fi in the rooms combined with the location these spacious and luxury student rooms will be the first choice of any student studying in Greenwich.
Further Detail
The accommodation will be classed as luxury in the market place with high quality finishes and with the units decorated with carpet, blinds or curtains, a work station, wardrobe and storage space, in the studios there will also be a kitchenette area and lounge chair. All rooms will have access to Wi-Fi - internet connection and a plasma television will also be provided.
Each unit will be sold on a long leasehold basis for a period of 250 years for the price of £75,700.00 for the en suite rooms and £85,000 for the studio rooms, the investor will receive an assured gross rental income of £9435 for Studio's and £8415 for en-suites and the entire building will be managed brining the cost per unit down. Expenses have been estimated at £1750 for Studio's and £1600 en-suites unit and include running costs of the building, building insurance, management fee and an amount to be set aside for a sinking fund for the future repairs of the building and fixtures.
Not only is the development within walking distance to Greenwich town centre with its numerous bars and restaurants it is only a 5 minute walk from the O2 arena on Greenwich Peninsula with all its attractions. Notwithstanding the Olympic Village is only 2 miles away as well with the legacy that will provide for leisure and sporting activities in the coming years.
Exit Strategy:
This investment benefits high quality build and prime location in Greenwich. The resale will be for those who will want to exit from this investment will be at a higher price because of the Net Yield of 9%.
What next?
For detailed information on this unmissable investment please contact us by filling out the form below or calling us +44 (0)203 287 8727. We can send you:
- A Comprehensive Investor Report.
- Availability, Price List, Floor Plans.
- Details on the Guaranteed Rental.
- Further information on Guaranteed Returns and Long-Term Growth.
- Please ask us any questions you have, we are happy to help.
Please ask us any questions you have, we are happy to help.