Project Name: City Point
Location: Liverpool, United Kingdom
Address: City Point, Great Homer Street, Liverpool, L5 3LD
Developer: Oscar Developments
Completion: Completed – Handover September 2018
Overview:
A unique investment in a European capital of culture, City Point spearheads the next generation of student accommodation. In both its physical construction and performance as an investment, it is an asset specifically designed to outclass all others.
City Point’s 159 luxury ensuite pods are fitted to exacting standards. Spread over five floors, each three to nine bed cluster has its own kitchen, living and dining area to maximize on space and convenience.
Opportunity:
7% “net” guaranteed annual yield for 2 years.
Fees
Ground Rent: £ 250 annually
Leasehold: 250 years leasehold
Service Charges: £942 for 2017/2018
Payment Plan:
£5,000 Reservation
50% Exchange (minus reservation fee)
50% Completion
Unit Features:
- Three-quarter bed
- En-suite
- LCD T.V
- High-speed internet
- Connection in all rooms
- Storage
- Wardrobe
- Work-station
Amenities:
- Fully fitted kitchens
- Common room & wifi
- Communal lounge
- Gymnasium
- Laundry
- Bicycle storage
Location:
Liverpool
At the turn of the 19th century, Liverpool was a city the likes of which the world will never see again. With links spanning road, rail, air and sea, Liverpool is one of the UK’s most accessible cities. Liverpool is little over a two-hour direct train journey from London and is connected to the M6 and M1. Alongside being a major ferry route to Ireland and the continent, Liverpool has its own international airport, with flights to over 600 destinations. Designated European Capital of Culture in 2008, Liverpool has the highest concentration of museums and art galleries outside of London. Often referred to as the Second City of the Empire, Liverpool’s cultural landscape is considered second to none.
A Retail Revolution
Introducing Liverpool One; a £500m shopping experience at the heart of the city center:
- 160 high street shops, cafes, restaurants and boutiques
- The largest outdoor shopping center in the U.K
- Attracts 55 million tourist per year
Universities
Home to three first-rate universities and over 50,000 students, Liverpool’s scholastic stature is more than academic:
- The University of Liverpool
- Liverpool John Moores University
- Liverpool Hope University
Distances from City Point
- 10 minute walk to John Moores university campus
- 18 minute walk Liverpool lime st station
- 20 minute walk to university of Liverpool
- 23 minute walk to Liverpool Central station
Letting Management:
Caro Lettings Limited
Caro Lettings Limited currently manages City Point and will look to manage it ongoing once the rent guarantee period expires. Investors do have the option from year three onwards to manage their property themselves or appoint another third party.