Studio for sale
Key information
Property description & features
- Tenure: Leasehold
This rare and exciting opportunity offers limited availability for investors looking to be a part of the vibrant heart of Chester. Located within the City Suites development, this large studio apartment provides the perfect blend of location, quality, and affordability. Situated just a 2-minute walk from Chester Train Station, 5 minutes from the city centre and main shopping areas, and a 20-minute walk to the renowned Chester Racecourse, this property is ideally positioned for both residents and tourists alike.
Investment Highlights:
* Spacious Studio Apartment
* Current 9.3% NET Yield
* Projected 10.6% NET Yield in 2025
* Lease Length: 245 Years
* Ground Rent: £468 per annum
* Service Charge: £1,072 per annum
* Fully Managed and Currently Operating as a Short-Term Let
* Furniture Included
* 98% Occupancy in 2024
* £21,063 Gross Return
* £11,584 NET Return (After all costs)
* Short-Term Lets Permitted, Offering Multiple Revenue Streams for Investors
* CASH BUYERS ONLY
Location: City Suites, City Road, Chester, CH1 3AE
With a price of just £125,000, this property is perfect for cash buyers seeking strong returns and excellent growth potential.
Don't miss out on this prime investment in Chester's thriving property market.
The Perfect Blend of Luxury and Investment Potential:
City Suites in Chester offers a unique opportunity for investors to own a prime property in the heart of this historic Roman city. Designed to meet the growing demand for high-quality short-term accommodations, City Suites provides tenants with a perfect mix of modern luxury and unbeatable location. Situated just minutes from Chester's bustling city centre, train station, and renowned attractions like the Chester Racecourse, this development is positioned for long-term success.
Why Chester?
Chester is one of the UK's most sought-after cities, famed for its rich history, stunning architecture, and vibrant cultural scene. Investing in this prime location not only offers strong rental yields but also places you at the centre of a city that attracts visitors year-round. With its blend of history, charm, and modern amenities, Chester is the perfect place for a sound investment.
Enquire Now:
Don't miss out on this exceptional investment opportunity in Chester's booming serviced accommodation sector. Contact us today to secure your place in this exciting development. Upon inquiry, you will receive the full sales pack, including:
* Brochure
* Floor Plans
* Holiday Let and AST Projections
* Occupancy and Availability
Tenure: Leasehold
Ground Rent: £468 per year
Service Charge: £1,072 per year
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*DISCLAIMER
Property reference 10CtySuites. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Residential Estates - Chester.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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