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Studio flat for sale
City Suites - Studio Apartment
£125,000
City Suites - Studio Apartment
£125,000
Our Summary
- Investment Opportunity - Large Studio Apartment in City Suites, ChesterThis rare and exciting opportunity offers limited availability for investors looking to be a part of the vibrant heart of Chester
- 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 ONLYLocation: City Suites, City Road, Chester, CH1 3AEWith a price of just £125,000, this property is perfect for cash buyers seeking strong returns and excellent growth potential
- 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
- Enquire Now:Don't miss out on this exceptional investment opportunity in Chester's booming serviced accommodation sector
Description
This is a rare investment opportunity in the heart of Chester, offering a large studio apartment in the City Suites development. The property is just a 2-minute walk from Chester Train Station, 5 minutes from the city centre, and 20 minutes from the renowned Chester Racecourse. With a current 9.3% NET Yield and projected 10.6% NET Yield in 2025, this property provides a strong return on investment. The studio apartment is fully managed and currently operating as a short-term let, with a 98% occupancy rate in 2024. The property is available for cash buyers only and is priced at £125,000. The City Suites development offers a unique blend of luxury and investment potential, with tenants enjoying modern amenities and an unbeatable location. Chester is a sought-after city, attracting visitors year-round, making it an excellent location for a sound investment.