Student For Sale
Kiln House, Stoke.
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.
- 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)
25% on exchange, balance on completion
Leasehold 250 years