Welcome to Kiln House in Stoke-on-Trent, a completed and operational student accommodation building consisting of 96 already occupied studio apartments perfectly designed for todays modern students.
Kiln House is situated approximately 8 minutes walk from the University of Staffordshire and has been operational now for the last 4 years achieving occupancy in excess of 80% for most of those years. The project is also conveniently located to Stoke train station providing easy access out across the rest of the UK.
Amenities include a gymnasium, games room, cinema room as well as fully staffed concierge / reception area.
All units on this project will come complete with a 2 years rental assurance at 7% net assured by the developer and will be managed directly by the University of Staffordshire's student union Greenpad. The university involvement effectively ensures that no stamp duty will be payable on any of these units. This coupled with the low service charges and zero ground rent make this an appealing prospect for student accommodation investors searching for yields north of 7%.
The University of Staffordshire consists of approx. 13,000 students and is due to open in September of this year. The building is already open to accept students for the forthcoming academic year and is already 50% occupied having been 100% occupied during COVID.
Prices are extremely reasonable at just £69,950 per unit.
Investment Highlights
Completed, operational student accommodation
Only £69,950
Zero ground rent
Zero stamp duty
The only University approved PBSA studios
Managed by Staffordshire University’s student union
2 year rental assurance (7% NET)
Poulson House in Stoke is our latest completed and fully operational student accommodation development, situated a mere 9-minute walk from the University of Staffordshire. The project is also just 25-minutes’ drive away from The University of Keele. Completed in 2016, Poulson House consists of 122 studio apartments, approx. 15-25m2.
In addition to its convenient proximity to the University of Staffordshire, the Poulson House new-build development also benefits from being fully operational with no development risk and a three year track record. This represents an attractive and immediate income for investors.
Poulson House is managed by Greenpad, the university student union's own management company. This is their sole management property and ensures a high level of focus and maximum occupancy each year. Investors can benefit from a fully managed investment opportunity with a 2 years rental assurance provided for the first 40 investors.
The University of Staffordshire consists of approx. 13,000 students and is due to open in September of this year. The building is already open to accept students for the forthcoming academic year and is already 50% occupied having been 100% occupied during COVID.
Prices are extremely reasonable at just £62,950 per unit.
Investment Highlights
Completed, operational student accommodation
Only £62,950
True live yield of 7%
The only University approved PBSA studios
Managed by Staffordshire University’s student union
2 year rental assurance (7% NET) starting September 2020 (COVID protection)
University has confirmed its open next year
£4000 rental assurance per unit is placed into a deposit protection scheme client account / or lodged in an escrow, held by a 3rd party solicitor
2 years assurance at 7% net
100% occupied for 20/21 academic year
iMark Infotech
21st September 2020
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