The student development, which contains 160 double en-suite rooms, is set to be finished by Q4 2014 in time for the student intake in September, with rooms already 75% let for the next academic year!
The first two floors of the building were already built and are currently being extensively refurbished, while two completely new floors have now been added to the site, with work on the interior of these floors imminent.
X1 Arndale House is being developed by Liverpool-based experienced developer X1 Developments and, in keeping to the exacting standards of the X1 brand, the development is yet again set to be completed on time.
The four-storey building was launched in the summer of 2012 and captured the imagination of many investors who desired to invest in this truly boutique development, which had retail shops such as Costa on the ground floor, leading the development to completely sell out by May this year.
“The exclusivity we enjoy with experienced developers such as X1 has ensured that we are able to give assurances to our investors with full confidence, that our projects will be completed on time and X1 Arndale House is another shining example of that fact” comments Martin Copeland, Sales Director at Knight Knox International.
Copeland continues “Our confidence in the longevity of the student accommodation market is reflected in the quality of developments we have brought to the market and the selling out of developments such as X1 Arndale House shows that our investors share this confidence”.
Knight Knox International has become a dominant force in the booming student market, launching ten high-yielding developments in the last year alone. This market is an attractive prospect for investors because of the colossal return available; returns this year are predicted at 9.2% for investors, according to research specialists Knight Frank.
Take a look out the wide range of student accommodation investment opportunities available through Knight Knox International.