This excellent studio apartment which is located in Chronicle House is
finished to the highest standard with a fitted kitchen, en - suite bathroom and
living area. As well as enjoying their luxury accommodation, tenants can also
make use of the numerous on - site amenities such as a gymnasium, game room,
cinema room and secure bicycle storage.
​Chronicle House is located on Commonhall Street in the centre of Chester,
within the old city walls. The city’s impressive shopping areas and the
University of Chester are only a few minutes’ walk away from the development,
making it extremely attractive to student tenants looking for a great
university lifestyle experience.
With the city’s popularity thriving, Chester is a hotbed for all year - round
events. There are arts festivals, exhibitions and street entertainment
including the renowned Chester Races and the highly admired Chester Zoo. The
city is growing, and as more young professionals and students see its
potential and unique energy, it will continue to flourish.
Chester is a beautiful old city and it is no surprise that many prospective
students choose to spend their university years there. There is a lack of high
quality student accommodation in the city however, which makes developments
such as Chronicle House stand out from the competition. There is currently an
increasing demand for purpose built student accommodation in Chester with the
recent crackdown on HMO's in the city. This provides investors with an
excellent opportunity to invest in one of the strongest markets in the UK.
**Financial Breakdown**
Gross rent: £6, 930
Ground rent: £282
Service charge: £3, 221
Lettings fees: £665
Net income: £2, 762
Gross yield: 17. 77%
Net yield: 7. 08%
**Important Note To Purchasers**
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general
outline only for guidance, and do not constitute any part of an offer or
contract. Neither Yieldit nor the vendor or lessor accept any responsibility
in respect of these particulars, which are not intended to be statements or
representations of fact and any intending purchaser must satisfy himself by
inspection or otherwise as to the correctness of each of the statements
contained in these particulars.
Yieldit ref: Yl - 07320

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