Student housing (£59,995 per unit)
Hi all,
I'm permanently relocating to the UK and looking to get involved (both as an investor as well as an agent) in the booming (if controversial) student housing business. I would be curious to hear your thoughts about this particular development - https://www.dropbox.com/sh/922rrt9ql8njln4/AADIBCrZ9pc5Jb46jseANxb5a?dl=0
Here are some bullet points:
- City Point, Great Homer Street, Liverpool, L5 3LD
- Completed and operational student accommodation development of 159 en-suite cluster rooms
- The building was opened in 2014 and is now entering its 5th year of operation
- Established and proven development averaging over 99% occupancy
- Managed by Caro Lettings, an experienced operator who have managed the building since it was opened - http://www.carolettings.com
- £59,995 per unit
- 2 Year rent guarantee at 8% NET
- Ideally located within a 10 minute walk from Liverpool John Moores University city campus
- Next to Project Jennifer - The £150m Great Homer Street regeneration project
- Leasehold with 245 years remaining
- Ground rent £250 p.a
- Payment plan of 50% on exchange and 50% on completion
- Completions at the end of September to tie in with the next academic year and start of the rental guarantee period
- Finished building - no construction risk
- Residents gym
I'm still learning about the business of Student Housing, but it's a majorly thriving business with many positive tax implications. For example, check out this article, if you please: Revealed: the developers cashing in on privatization of student housing. Also, this: 2018: A great time to consider investing in student housing
If anyone is interested in considering this particular development, I'm direct to the seller, and can get preferred rates. I would even be happy to donate a chunk of my commission as a buyer's rebate.
Thanks!
Ben