Prices From £63,995
8.3% NET For 2 Year
Completes This September
Property and Invest are proud to launch our latest investment opportunity in the heart of Liverpool- Granite House. Built in the traditional construction style of the early 20th Century, it will be re-purposed to a boutique student accommodation development. Many of the buildings on Stanley Street are old warehouses (a nod to Liverpool's industrial past) that have been converted into offices or places of residence, and Granite House is no different.
The area is lively, with plenty of bars and restaurants close by. It is also a 5-minute walk to the city centre and attractions such as Liverpool One and The Albert Dock, making it an attractive option for students. The building is also close to Liverpool Lime Street railway station, so it convenient for students who hail from further afield and do not wish to spend a lot of time travelling to their halls of residence. Similar student developments in the area have proven extremely popular with students and investors alike, such as Stanley Court which sold out in just a month.
Not only can students easily enjoy the cultural offerings and nightlife that Liverpool boasts, but the university campuses are close by. Liverpool Hope's Creative Campus, The University of Liverpool and various Liverpool John Moores' campuses (Copperus Hill, Brownlow Hill, City Campus) are all just twenty minutes' walk away.
Granite House will comprise 39 self-contained units with en-suite bathrooms and integrated kitchens.
A range of communal facilities will also be readily available for tenants, such as a communal basement area that will be used as a series of breakout areas with TVs, games area with pool tables and comfortable lounge furniture. The studios will also be furnished to the highest specification with walk-in showers, built in mirrors, LVT flooring and 2/3 seater sofas.
Studios in Granite House are on average 25m² and are designed to separate sleep / study and living areas to give the feeling of a one-bedroom apartment. Neighbouring student accommodation blocks include Vita Student, where residents pay on average £170pw, and studios are around 20m². If students must pay roughly the same amount, but get a much larger studio with newer facilities, it is obvious what they will pick.
According to research carried out by Knight Frank, in 2016 some £3.1 billion was invested in purpose-built student accommodation, which is more than double the level of investment seen in 2013 and 2014 - a clear indication that there is a market for this type of property.
Liverpool's student accommodation sector alone is worth £256 million, with the majority being in the city centre. Students make up 52% of city centre residents. As per new research in 2017, demand for purpose-built student accommodation in Liverpool has surged by 35% over the past 12 months. In 2016, there were 60,000 students studying in Liverpool which is a 20% increase on the previous year, and it is estimated that around 60% of those require accommodation.
- 8.3% NET Return For 2 Years
- Fully Managed
- Prices starting from just £63,995
- City Centre Location
- No Stamp Duty
- On-Site Gymnasium
- Completes For This September