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• Studio apartment in Manchester

Studio apartment in Manchester EU327AR

Apartment house is stunning. Inside its light and airy with its stone staircases and tall windows that let the light flood in. The common rooms are large and again surrounded on one side by walls of windows. The floor is the original parquet, all of this just adds to the congenial ambience of the house. The students rooms are well laid out, the queen size bed a pleasant surprise. The new communal kitchens are amble big enough. The shared bathrooms with several showers and toilets mean the queues will be manageable! It was reassuring to learn of the security measures that are in place. There is even a minibus to take them to and from student nights out.

Apartment house looks over the 60 acre Alexandra Park a popular leisure area and home to Manchester's Caribbean festival. The area is diverse and because of its proximity to the universities is home to both students and young professionals.

Alexandra park is ideally situated to access both the leafy suburb of Chorlton and the city centre. There are excellent bus routes in the area providing easy access around all areas of the city.

Chorlton is a popular area and is packed with bars and restaurants, there are also plenty of parks and amenity spaces around the Chorlton area along with a thriving nightlife and community atmosphere.

Manchester is a rapidly developing city with massive investment being made in the Ancoats and Spinningfields area. Development in the business and financial areas are likely to attract more students to the areas.

Preliminary figures for the coming academic year already show a significant increase in applications with UCAS reporting a 12% rise at its October deadline. The majority of key university towns showed 100% occupancy rate for the last academic year with private halls mainly targeting affluent domestic, overseas and mature students. The University of Manchester is the UK's most popular university receiving 53,900 applications in 2010.

With a booming market and high rental yields (typically 6 10% gross) and a long standing management company in place, these are the perfect conditions to invest in a hands off, hassle free opportunity.

Investment Highlights

·  Student rooms minutes from the university

·  Full management in place

·  Guaranteed yields of 8% plus
Development Summary

·  Student rooms spread over 3 buildings

·  Excellent transport links

·  On site parking available

Current Status: - Construction underway - completion Sep 2011
Sales: - Last few remaining
Lettings: - Lettings available September 2011