The deluge of investment from the private sector into the UK student accommodation market is showing no signs of stopping. Indeed, recent reports from property experts CB Richard Ellis and Knight Frank indicate a trend for continued high yields in the private rented sector, with regional university cities outperforming central London in terms of value for money over a sustained period of time.
Established property investment firms like Knight Knox International are adding an increasing number of developments to their ever-burgeoning portfolios, in response to the increasing demand from the market. The latest offering from the North West firm is a tenanted four-storey building in Tyne and Wear, comprised of single studios from as little as £35,500 and double studios from just £43,500.
Martin Copeland, Sales Director for Knight Knox International is extremely positive about this latest offering commenting “Dunn House is an existing halls of residence with a proven five-year occupancy record, reassuring buyers that they will receive an immediate return on their investment.
“Assured long-term occupancy, coupled with a guaranteed 10% NET rental return for years 1 and 2, make Dunn House one of the most lucrative student accommodation investments on the market and an excellent addition to the Knight Knox International portfolio.”
Currently undergoing extensive refurbishment to elevate it to the high standard now considered a benchmark for boutique student accommodation, the residence is comprised of 109 single and double studio units and is assured to generate investors 10% NET rental returns for years one and two.
Furnished to the highest of standards, each studio is essentially a self-contained unit, allowing students the privacy and space to study in their own surroundings. Both single and double studios are fitted with free high-speed WiFi, storage space, work station and a hob, sink and fridge freezer. Students also have access to a range of communal facilities including lounge areas, a fully-equipped gymnasium, kitchens and laundry facilities.
One of the most lucrative private student accommodation investments currently on the market, Dunn House is ideally located in the heart of Sunderland, within walking distance of both university campuses and all local facilities and amenities including, transport, restaurants, shops and clubs.
Knight Knox International
Market leaders at selling investment and lifestyle property in both the UK and overseas, Knight Knox International are specialists at selling boutique student accommodation to the private investor market.
With over 10 completed, high-yielding developments in numerous major university cities including Liverpool, Sheffield, Leeds and Bolton, investors can be confident that only residences of the highest quality are brought to market, in adherence to the Knight Knox Accommodation Student Property Investment Checklist (see attachment).
To enquire about the Dunn House development, or for further information on the full range of student accommodation projects available through Knight Knox International call +44 (0)161 772 1370