ALL UNITS ARE NOW SOLD - On occasions some units return to the market. Contact us for updated information.
TURN-KEY & HASSLE FREE INVESTMENT OPPORTUNITY - CITY CENTRE - WITH 10% NET YIELD
St. Andrews Place is a prestigious student hall development comprised of 100 en-suite student accommodations, sufficient kitchens to accommodate the student rooms, communal lounges
located on each floor, an on-site gymnasium, computer/media service centre, management office, and laundry facilities.
St. Andrews Place is located conveniently close to John Moores University, Liverpool Community college and the University of Liverpool.
At a national level, student accommodation is being reported as \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'the UK\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s best sector\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\' in property and the recently issued report by Knight Frank not only quotes total returns last year for this
sector as reaching 14.65% but states ”The student accommodation sector is now recognised as forming a critical component of a balanced investment portfolio.”
Please note; Availability is strictly limited and investors are advised to act quickly to avoid disappointment. Previous developments have sold out within weeks and due to the stunning look of
this and the proximity to the University then this will sell quickly. Please contact us for any further information, questions and to reserve your unit/s.
St. Andrews Place - In Brief
A beautiful early 18th century Grade 2 star listed building protected by Liverpool City Council’s Conservation Department and English Heritage. All purpose-built and decorated to a high-
quality standard. The student accommodation is classed as prestigious student accommodation due to en-suite and oversized rooms decorated to high standard, and the free resident use
of the many amenities presented in the building as well as the high quality finishes, furniture and fixtures. The units shall be decorated and furnished with carpet, blinds and light fixtures, a
bed, wardrobe, workstation, internet connection and television to each room. There will be a 42” television in each of the fully fitted common lounges in addition to fully fitted kitchens,
bathrooms, gymnasium, and laundry facilities. The building shall be fitted with the equipment necessary to achieve a prestigious and luxury standard in student accommodation.
Each unit shall be sold on a long leasehold basis for a period of 250 years for the price of £48,000 per unit. During the first year, the investor will receive an assured gross rental amount of
£6,375 per unit, and the entire building, as managed by Middle England Development’s management company, Penlake Limited, has been requested by a local university which requires an
extensive amount of accommodation on an on-going basis and has been working with Penlake for a time period in excess of 10 years. Expenses have been estimated at £1,600 per unit per
annum and include running costs of the building, management fee, and an amount set aside for a sinking fund for future repairs to the building and fixtures.
St. Andrews Place is a beautiful early 18th century Grade 2 star listed building protected by Liverpool City Council’s Conservation Department and English Heritage. The building is located in
the city centre and in undoubtedly the most desirable location for students attending Liverpool’s universities and a stone’s throw away from all the major University campuses. The exterior is
the original sandstone building which is to be fully restored with the aid of a substantial grant from English Heritage as this building is in the top ten on the national at-risk register for
important historical buildings, and therefore it is a priority for both English Heritage and Liverpool City Council. The grant offered on the project has enabled Middle England Developments to
bring the project to the investor at the 10% yield we always strive to achieve for our investors, and allows investors to take advantage of purchasing a product below the cost of construction!!!! A
brand new glass and steel structure will be erected inside the existing listed structure to form the student accommodation. It will be finished to a very high standard in compliance and in
keeping with LCC Conservation Department’s requirements and all decor, fittings and fixtures on the interior of the building shall be brand new and have been designed with today’s
discerning student in mind.
St. Andrews Place – Why this location is important
- Fantastic City location – close Liverpool Cathedral and a short ride to Queen Docks and Liverpool 1
- Stone’s Throw to John Moores University, Liverpool Community college and the University of Liverpool
- Short commute to Liverpool International Language Academy, School of Tropical Medicine, National Oceanography Centre and
British Oceanographic Data Centre.
St. Andrews Place - What’s included?
- Prestigious student accommodation due to en-suite and oversized rooms decorated to high standard
- Decorated and furnished with carpet, blinds and light fixtures, a bed, wardrobe, workstation, internet connection and television to each room
- There will be a 42” television in each of the fully fitted common lounges in addition to fully fitted kitchens, bathrooms, gymnasium, and laundry facilities.
St. Andrews Place - Investment Summary
- Individual unit price £48,000
- Individual 250 year lease
- Year one - 10% guaranteed NET return
- Projected higher than average NET rental income from year 2 onwards
- Building fully managed by independent management company
St. Andrews Place - Assurances
In addition to the first year rental assurance of £6,375 gross rental income, The Developer will also assure that rental income at the assured rate shall begin on 1st September 2012
regardless whether there is a tenant in residence or not. If the Certificate of Completion has not been received on or before the 31st August 2012 for any reason other than circumstances
beyond our control, then the rental assurance shall be in effect from 1st September 2012 regardless of the date of completion, only excluding those days between the date of notification of the
Certificate of Completion and the date of receipt of the final payment of the purchase price, during which time no rental income shall be due to the investor. Although the rental assurance shall
begin from 1st September 2012 and accrue as described on behalf of the investor, these funds shall actually be paid out to the investor on the first day of the month following receipt of final
payment of the purchase price, or within 10 days of receipt of final payment, whichever is later.
St. Andrews Place - Insurance
Full insurance shall be carried on the building during the renovation period to protect all funds paid by the investor against loss or damage.
St. Andrews Place - Payment Plan
- £2,500.00 reservation
- £33,500.00 on signing contract
- £12,000.00 on completion
Completion - 1st September 2012
Turn-key hassle free investment opportunity
