Fourth Student Property Investment for Opto Property Group Launched
Read the latest Experience Invest blog. Experience Invest is a property specialist based in London. Having been in the market since 2004, it has since been a trusted and reliable source of knowledge, providing its ever-expanding database of clients with nothing but market-leading products from a variety of asset classes. With numerous successful development projects in various UK cities and even achieving up to 100% occupancy, the company enjoys high transaction percentage from both referrals and repeat clients.
Experience Invest present another location for its latest development for an opportunity to invest in one of the best performing asset classes in the UK. Opto Student Newcastle is going to be a comprised of 223 studio suites that are self-contained and are going to be housed in a purpose-built student development of the high specification. Once completed, the studio apartments are expected to deliver to the lucky investors an annual 8% net return, a figure that will be assured for five years.
The property specialist has enjoyed immense success from its three previously competed and already occupied student development which Opto Property Group delivered. This fourth student property investment will be exclusively launched in Newcastle. The units will be fully managed. They will also be delivered fully furnished, giving investors the opportunity to take advantage of an income generating asset that offers high yields.
One of the things that make the development stand out is the fact that it is located in one of the most popular quayside settings in the city. The two large universities in the city are also just going to be a fifteen-minute walk away.
The city boasts of an over 50,000 student population. This makes the development a perfectly positioned offering that will easily cater to the 64.6% of students that are unable to access student accommodation offered by the university o the private sector. All in all, this related to a total of 28,035 students.
A contemporary development, this would be perfect for students attending Northumbria University and Newcastle University that want to a waterfront, city centre accommodation. Newcastle is presently at the fourth in a list of the places known for its notorious student nightlife and all-around student experience. This is not only a well-loved city but is also being called home by a fairly large population of international students. Currently, they make up for 15% of the city’s student population.
Among the investment highlights that can be enjoyed from these self-contained and high specification studios include an assured 8% NET rental for five years in a prime location where over 50,000 students are present. The units will be delivered ready to let and fully furnished. Not only is it going to have highly desirable on-site facilities, but there is also a high demand for the property as 64.6% of students in the city will be unable to get access to student accommodation either in the private sector or from the university.
The 207 self-contained studio apartments will be equipped with games room, modern gym, communal dining rooms and kitchen, as well as an outhouse for events. There are also excellent river and roof views, outdoor and courtyard seating areas, as well as 24/7 CCTV and on-site management. The property will also be managed by specialist student property management provider Opto Student Living for a completely hands-off investment experience.
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