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India: +91 97455 17330

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City Point Student Rooms

  • Bedrooms: 0
  • Bathrooms: 0
  • Living Area: 0
  • Extent: 159 high spec rooms
  • Price: £ 59,995

Location: Liverpool, Liverpool

Property Id: 593
Type: For Sale
Price: £ 59,995



GENERAL INFORMATION

City Point is a completed and operational student accommodation development on the edges of Liverpool City Centre. Developed in 2014 by the Caro Group, City Point contains 159 high spec student bedrooms ideal for both the undergraduate and mature student market.

The rooms are arranged in clusters of between 4 and 9 bedrooms with communal living and kitchen facilities for each cluster. Each room has an en-suite shower room with power shower, double bed, flat screen TV, high speed broadband and study desk. On-site facilities include residents gym, laundry room, cycle storage, secure car parking, full time concierge and CCTV security. The development is managed by Caro Lettings, a well established operator who have managed the building since completion in 2014. Caro are one of Liverpools leading letting companies with over 450 units under management across the city and have achieved an average occupancy of above 98% in City Point over the past 4 years. The units are priced at £59,995 and there is an assured rental return of 8% NET for the first 2 years. The rental return is a NET return and paid after all deductions for service charges, ground rent and all other expenses.

Summary & Key Points

• Full address - City Point, Great Homer Street, Liverpool, L5 3LD
• Build status - Completed and fully operational since 2014
• Number of units - 159 En-suite student rooms
• Price - £59,995 per unit
• Rental returns - 2 year rental assurance at 8% NET paid quarterly in arrears from completion
• Occupancy - Averaging 98% occupancy since completion
• Tenure - Leasehold with 245 years remaining. Ground rent £250 p.a
• Management Company - Caro Lettings, an experienced operator who have managed the building since it was opened
• Vendor - Citypoint Properties Limited


Introduction

City Point is a completed and operational student accommodation development on the edges of Liverpool City Centre. Developed in 2014 by the Caro Group, City Point contains 159 high spec student bedrooms ideal for both the undergraduate and mature student market. The rooms are arranged in clusters of between 4 and 9 bedrooms with communal living and kitchen facilities for each cluster. Each room has an en-suite shower room with power shower, double bed, flat screen TV, high speed broadband and study desk.

On-site facilities include residents gym, laundry room, cycle storage, secure car parking, full time concierge and CCTV security.
The development is managed by Caro Lettings, a well established operator who have managed the building since completion in 2014. Caro are one of Liverpools leading letting companies with over 450 units under management across the city and have achieved an average occupancy of above 98% in City Point over the past 4 years. The units are priced at £59,995 and there is an assured rental return of 8% NET for the first 2 years. The rental return is a NET return and paid after all deductions for service charges, ground rent and all other expenses.

Payment plan

• £5,000 reservation fee
• 50% of purchase price less reservation fee on exchange of contracts - £24,997.50
• Balance of 50% due on completion, available to complete immediately - £29,997.50


Liverpool

• Liverpool is a city in the North-West of England
• Population 466,400, the UK’s ninth largest city
• Birthplace of the Beatles and home of Liverpool FC, one of the worlds most famous football clubs
• Historical port city with world renowned waterfront
• Home to the oldest Chinese community in Europe
• Parts of the City Centre are designated as a UNESCO world heritage site
• The Grand National takes place at Aintree racecourse on the edges of the city
• 2008 European city of culture
• New £5.5bn Liverpool Waters scheme to regenerate the waterfront
• Train journey time to London approx 2 hours 8 minutes
• Liverpool John Lennon airport has direct flights to 68 destinations


Liverpool Student Market

• Liverpool has 3 Universities - The University of Liverpool, Liverpool John Moores University and Liverpool Hope University
• All 3 Universities are in the Times Good University Guide top 100
• Over 50,000 students in higher education
• More than 9,000 International students
• The Universities in Liverpool continue to prove popular with over 85,000 new applications received last year
• Applications to Liverpool Universities have increased by 22% in the past 10 years
• Strong student accommodation market, the Universities only have accommodation for 5,800 students resulting in a severe lack of supply
• Major investments by the Universities include a new £600m campus at the University of Liverpool
• Liverpool John Moores University is ranked 2nd in the UK for sports science and in the top 4 post-1992 Universities for law and education
• The University of Liverpool has a partnership with Xi’an Jiaotong University in China and has a reputation for world leading research

Please contact us today for more details and booking:
Phone / WhatsApp:(UK) 00447847298903, (India) + 91 81970 96796, +91 9497684703, (Malaysia) + 60 175456412
Email: info@yelloestates.com, yelloestates@gmail.com
Please contact us today for more details and booking:
Phone/WhatsApp:(UK) +44 784 729 8903, (India) + 91 97455 17330, (Malaysia) + 605 1930 6310
Email: info@yelloestates.com, yelloestates@gmail.com
Website: www.yelloestates.com, www.yelloestates.co.uk