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City Suites - Studio Apartment

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Description

Investment Opportunity - Large Studio Apartment in City Suites, Chester

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

Brochures

Brochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

City Suites - Studio Apartment

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chester Station0.3 miles
  • Bache Station1.2 miles
  • Capenhurst Station5.3 miles
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About Residential Estates, Chester

First FL. Kinnerton House Bell Meadow Business Park Park Lane Pulford CH4 9EP

We started our business 25 years ago as a Chester based property rental and lettings agency, and have grown into a respected, and diverse provider of property services.

The reason for our long term success, is due to constant focus on developing lasting client relations, offering unparalleled expertise over a full spectrum of services within the property industry.

We currently have multiple business departments, listed as follows:

Residential Property Investment

Residential Property Sales

Residential Lettings

Land Acquisitions

Property Management

Serviced Accommodation

International Property Sales & Investments

We are Chester's first internet based estate agency, and investment specialists. We believe in moving in-line with the change of the market place, to ensure our customers receive the very best service, from all divisions of our company portfolio.

The tailored service we offer directly meets the needs of our clients, as a tenant, a landlord, or an investor, we respect and value your business.

We would like to thank all of our clients over the years for helping us reach an important milestone, our silver anniversary, which we celebrated in 2015 after 25 years in business.

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Disclaimer - Property reference 10CtySuites. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Residential Estates, Chester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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