Property ID : 4701
For Sale £52,000.00 - Investment Property, Student Property
Welcome to the new Sky Building student development, a stunning new development of 330 high quality student units. Comprising of en-suite and luxury student studios, the new Sky Building development is being developed to cater for the considerable demand for high quality student accommodation within the local area.
Key to investment considerations is the location of the three universities in relation to the Sky Building. Within Newcastle Under Lyme there is now a considerable undersupply of high quality accommodation in the town and throughout the local area.
As of 2015, there are over 10,000 students studying at Keele University, with the university currently providing accommodation for just over 3,000 students. In additional, Staffordshire University has over 19,100 students. Understandably, this creates a considerable demand for high quality student accommodation each year.
Sky Building – Investment Overview
– Stoke City Centre
– 8% Net Rental Income for 10 Years
– 5% Interest Paid on Deposit – Limited Time Only
– Underground Parking
– Experienced Management Company
– Prices from £52,000.00 per unit
– Completion September 2017
Keele University – Location
Sky Building is only a short distance away from Keele University, the largest campus university in the UK. Sky Building is also within 2 miles of Staffordshire University and within 1 mile of Royal Stoke University Hospital which currently has over 6,000 members of staff, a percentage of which are medical students undergoing training.
In short, Sky Building is perfectly situated for students attending either of the three educational institutions. The demand for accommodation in the area far outstrips supply and, geographically, private halls are the main accommodation solution.
For an investor this strong demand for accommodation is great news and as a result the developer is happy to offer all investors an 8% assured net rental income for 10 years.
Keele students where ranked 1st in the UK for student satisfaction in the 2015 National Student Survey. Feedback from the students found them to be happy with the quality of their university experience and rated their courses as intellectually stimulating.
The University’s overall score of 95% places Keele in first position for the second year running – above the likes of Oxford, Cambridge, and the Open University.
- En-suite Studios 14.96 msq: £52,000
- Luxury Studios 18.27 msq: £59,950