- Studio apartments from £57,495
- 9% NET yield
- 5 year rental assurance
- 5% interest accrued on deposit
- Defined exit strategy with 20% uplift
- Specialist national operator
- Planning permission granted
- Completion Q2 2016
- Leasehold tenure 999-year lease
- Conveyancing fees £600 + VAT + disbursements
- More than 48,000 students in Huddersfield
Huddersfield West Yorkshire has a population of 146,234 and is the 10th largest town in the UK.
The town enjoys excellent transport links, being just 3 miles from the M62 motorway and close to the M1,
connecting the town to the UK’s motorway network. It also has excellent rail links to Manchester, Liverpool, Leeds, Sheffield and York; the main regional centres.
Huddersfield has two primary retail centres, the large Kingsgate Huddersfield and the Packhorse
Shopping Centre with over 40 shops
Huddersfield is a town of higher education, home to the University of Huddersfield, Kirklees College, Greenhead College and Huddersfield New College with nearly
48,700 students in total attending these institutions.
The exit is based on the resale of the entire building to an institutional or corporate investor. These Institutional investors typically buy an asset with a proven track record.
The purchase contract the investor is required to sign will include a call option that stipulates that the unit has to be sold by the investor, with a fixed uplift of
20% of the purchase price payable to the investor, subject to the developer securing a buyer for the development.
The call option can be executed between the 5th & 7th anniversary from completion.