Chester is one of England’s finest historic cities and home to the best preserved walled city in the UK. It has an awe-inspiring eclectic mix of Medieval, Roman, Anglo-Saxon and Victorian buildings giving it a character unlike any other city in the UK. Having over 13,500 businesses located in Cheshire West and the Chester area leaves it with an enviable annual GVA of £1.1 billion, in fact the combined Cheshire and Warrington economy is worth £20bn a year, which makes it one of the best performing economies in England.
In prime position for students, Northgate Point is located on Trafford Street, and will provide a convenient and safe environment for students. The development is positioned just 200m from the City Centre, 400m from Northgate Leisure Centre, and 700m from the Main Campus. The site lies to the north of Chester City Centre adjacent to the Newtown area. It is well connected to key destinations by a comprehensive network of pedestrian routes, typical of its city centre location. Access to and from the university to the site is likely to be pedestrian with the most convenient route taken from the North and past the Leisure Centre. Chester City Centre is located within easy walking distance of the development and offers students a wide choice of shops, clubs and other useful amenities.
Northgate Point will provide individually-designed luxury studio apartments for the next generation of UK and overseas students living in Chester. The development is 5-storeys in total with the 5th floor set back away from Trafford Street. Of unrivalled standards, a total of 121 student studio apartments range in size from 21m2 – 40m2. Each unit is designed to match the current market demand for high-spec accommodation, and includes: en-suite bathrooms, bespoke kitchenettes with contemporary appliances, and living, study and sleeping areas. The scheme is articulated by two blocks, a long southern block building and a northern entrance block. A secure cycle parking area is provided as this will further encourages sustainable forms of transport. On-road parking is currently available on the other site of Trafford Street. Level access is provided at all entrances to the building. The student entrance will have a secure door opening system with a 24 hour manned reception. The site is located in a prime central location, which is within 10 minutes walk of the University of Chester Campus. This combined with the fact that the site is within walking distance of Chester Railway Station and the high street shops and bars of Chester City Centre makes it an ideal site for student accommodation. Northgate Point will be fully managed by an experienced management company, providing investors with a 100% hands-off investment. With no other student accommodation development in Chester offering the same level of quality, Northgate Point will provide a high standard of living for students for years to come and a university life experience like no other.
Northgate Point – Completion date: September 2016
Available to cash buyers onlyRegister your interest
- Sale Price: Starting from £72,500
- Annual Maintenance Fee: 20%-22% of Rental Income
- Annual Ground Rent: £225
- NET Yield (%): 8% for 5 years
- Availability: Sold out