Studio Flat For Sale, Chronicle House, Commonhall Street, Chester CH1

Description

This excellent studio apartment which is located in Chronicle House is finished to the highest standard with a fitted kitchen, en-suite bathroom and living area. As well as enjoying their luxury accommodation, tenants can also make use of the numerous on-site amenities such as a gymnasium, game room, cinema room and secure bicycle storage.

Chronicle House is located on Commonhall Street in the centre of Chester, within the old city walls. The city’s impressive shopping areas and the University of Chester are only a few minutes’ walk away from the development, making it extremely attractive to student tenants looking for a great university lifestyle experience.

With the city’s popularity thriving, Chester is a hotbed for all year-round events. There are arts festivals, exhibitions and street entertainment including the renowned Chester Races and the highly admired Chester Zoo. The city is growing, and as more young professionals and students see its potential and unique energy, it will continue to flourish.

Chester is a beautiful old city and it is no surprise that many prospective students choose to spend their university years there. There is a lack of high quality student accommodation in the city however, which makes developments such as Chronicle House stand out from the competition. There is currently an increasing demand for purpose built student accommodation in Chester with the recent crackdown on HMO's in the city. This provides investors with an excellent opportunity to invest in one of the strongest markets in the UK.

Financial Breakdown

Gross rent: £6,930
Ground rent: £250
Service charge: £3,221
Lettings fees: £665
Net income: £2,793
Gross yield: 15.4%
Net yield: 6.21%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-06916

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Studio Flat For Sale £45,000 Chronicle House, Commonhall Street, Chester CH1

Studio Flat For Sale £45,000
Chronicle House, Commonhall Street, Chester CH1