€ 67,721 | USD $ 74,127
New Build - Key Ready
Advert last updated: 5/18/2016
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Kingfisher Court is a new purpose built student accommodation development, that will provide 252 modern high quality residential studio apartments to the significantly undersupplied purpose built student accommodation market in Huddersfield. Located in the heart of Huddersfield, Kingfisher Court is the newest addition to the ever changing Huddersfield skyline and forms part of the Waterside Quarter development. The addition of the new £74 million Kirklees College campus on the site and now the development of the Kingfisher Court site will compliment the new development and attract further investment.
This property is under construction and will be welcoming students for the 2016/17 academic year, this modern purpose built student accommodation development provides property investor purchasers with a 9% NET rental return that is contractually assured for five years from completion of the property, in addition to this 5% interest will be offered on deposited funds during the remaining construction period.
This ten-storey building will offer students in this growing university town 252 excellent self-contained studio apartments that will come complete with an en-suite shower room and a kitchenette. Kingfisher Court will also have a range of excellent communal facilities including IT Suite and media room, gymnasium, laundry, games room, dedicated study areas and a state-of-the-art cinema suite.
Huddersfield As A Student Destination
Home to almost 50,000 full time students across four major educational establishments, Huddersfields rapidly expanding student population has seen the city establish its place amongst the UK's leading university cities. Kingfisher Court is next door to two leading universities in the University of Huddersfield (24,900 students) and Kirklees College (20,000 students). There is a significant imbalance at present with the available purpose built accommodation in Huddersfield and the available units for rent. So much so that currently hundreds of students each day are transported on buses in and out of the town to accomodation outside the main town centre (4 miles away).
Kingfisher Court - Investment Highlights
9% net contractually assured for 5 years
150 metres from Kirklees College (20,000 students)
0.4 miles from University of Huddersfield (24,900 students)
5% interest paid on deposits during construction
Construction well underway and due to complete shortly
Major undersupply of student beds in Huddersfield
Kingfisher Court - Communal Features
• Games/Television room
• Cinema room
• Study rooms
• I.T. suite
• Laundry facility
Kingfisher Court - Unit Prices
Front side studios - £57,495
Canal side studios - £57,995
Studio Apartments - £64,995
Kingfisher Court - Payment Process
The purchase process in Kingfisher Court is simple. After selecting an available unit to purchase complete the steps outlined below to acquire your property.
1. Reservation - Reservation form completed and £5,000 reservation fee paid. Your reservation fee will be deducted from your deposit amount on exchange.
2. Solicitors Instructed - Solicitors instructed, Legal pack sent out & anti-money laundering process completed.
3. Exchange of Contracts - 50% of purchase price to be paid to solicitor (minus reservation fee already received) and contracts exchanged within 28 days of reservation.
4. Legal Completion - The remaining 50% of the purchase price is paid. The purchase is then completed and Title Deeds are then registered with the UK Land Registry.
After completion the apartments will be managed to generate ongoing rental and income. Owners will be paid rental income equivalent to 9% NET per annum in 4 instalments (quarterly) each year.