Devon House | Liverpool
Location: Liverpool, UK
Prices From: £67,950
Yield: 8% NET yield assured for 3 years
Purchase Price £67,950
Gross Income £7,500 pa
Less Service Charge & Management Fee & Ground Rent £1500 pa
Net Income £6,000 pa = 8.83%
· CASH BUYERS/INVESTMENT ONLY
· Prices starting from £67,950
· 162 Large, self-contained studio apartments
· 8% assured rental income for 3 years
· 150m from the University Campus
· Next to the Royal University Hospital
· Award Winning Student Developer
· In the Heart of a £1 Billion development scheme
· ‘Smart Apartment’ Technology
· Fully furnished and managed investment
Being at the centre of the UK’s second largest regional economy with access to six million customers, Liverpool has been experiencing phenomenal growth over the last few years.
The city has hugely benefited from a significant number of mega regeneration projects including the £1 billion Liverpool ONE and the £5.6 billion Liverpool Waters and is set to grow even further.
In addition, the population of young professionals and students is growing as the city attracts people from all over the world. The city also has one of the best environments for students in the UK, ensuring it will remain a popular student location for the foreseeable future.
With a record number of students accepted to universities and colleges in 2016 (UCAS) and plus the influx of overseas students, the demand for high-quality student accommodation in Liverpool is increasing exponentially. As for investors, this rising demand offers a compelling investment opportunity.
Furthermore, Liverpool City Council has announced plans for Liverpool’s Knowledge Quarter, which will create a new urban community to bring the largest cluster of science, health and education in the city region. Already home to a number of Liverpool’s established higher education institutes and the new £429m Royal Hospital, the area is set to become one of Europe’s leading Innovation Districts and bound to attract further investment and opportunities.
For these reasons, we are excited to introduce Devon House, the latest purpose-built student accommodation development in Liverpool. Located in the heart of Liverpool’s student district, this development will benefit from the £1 billion worth of investment, which has gone into aforementioned Liverpool’s Knowledge Quarter.
Devon House will house 162 brand new studio apartments to cater for the rapidly increasing student market in Liverpool. All apartments are furnished with En-Suite bathrooms finished to the highest standard, and include a free tablet computer for each student to use.
Using the ‘Smart Apartment’ technology provided tenants will be able to book communal areas, control heating, request maintenance 24/7, communicate with others in the building, receive information from on-site management and order outside services such as food delivery and laundry. Tenants will also have access to superb communal facilities including study spaces, a breakout room, cinema system, pool tables, cooking/dining area and an on-site gym.
Combined with excellent facilities and its superior position next to Liverpool Hope University City Campus and within a short walk to Royal University Hospital, truly sets Devon House apart from the competition. It will offer students the very best of Liverpool living at an affordable price, while providing investors with an excellent 8% NET rental income assured for 3 years.
The properties in Devon House will be let to students on 50-week tenancies on an average rental of £150 per week. Generating a generous assured rent for 3 years and with starting prices from just £67,950, investors are sure to benefit from this lucrative buy-to-let prospect. And as the apartments are fully managed on your behalf, this is an easy, hands-off investment, making them all the more appealing.
For more information on Devon House feel free to fill out the form today.
A contemporary furniture pack will be provided:
· En-Suite Bathroom
· Floor to Ceiling Windows
· Smart Apartment Technology with a free Tablet computer for all tenants to use
· Advanced light sensor and heating system
Communal areas will include:
· On-site gym
· Study space
· Breakout room
· Cinema system
· Pool tables
· Cooking/dining area