Opto Newcastle
Newcastle a great new location for our latest opportunity in the UK’s best-performing asset class. Opto Student Newcastle features 223 self-contained studio suites. In a Purpose-built student development (PBSA). Upon completion, studio apartments will deliver 8% annual NET returns, assured for 5 years.
Following the success of three completed and occupied student developments delivered by Opto Property Group, we are pleased to exclusively launch the developer’s fourth student property investment in Newcastle. Fully managed and delivered fully furnished, Opto Student Newcastle is a high yielding income-generating asset.
Opto Newcastle Property Management
The Property will be fully managed by Opto Living. Opto Student Living is a specialist student property management company that has been successfully operating since 2014.
With three fully occupied developments, Opto Student Living has a high level of student retention and delivers a complete service. Furthermore, the residents will benefit from on-site management to in-house events designed to build the #TeamOpto community. Therefore aiming to provide a complete student living quarters within a secure environment.
Location overview
There are two large universities within a 15-minute walk. Consequently, there are around 50,000 students in the city. Furthermore, estimates show that 28,035 students (64.6%) are unable to access university or private sector student accommodation. Therefore, making Opto Newcastle’s location ideal location to serve the swelling demand for student housing.
The contemporary development is perfect for both Newcastle University and Northumbria University students and offers city centre, waterfront accommodation. Newcastle is ranked 4th in the UK for an all-round student life style and is notorious for its student nightlife. Furthermore, the well-loved city is home to a large population of international students (15% of all students are from overseas) In addition to this, in 2017 there was a 6.3% rise in applications to study in Newcastle.
Opto Student Newcastle Specification
- 207 Self-Contained Studio Apartments
- Modern Gym
- Games Room
- Outhouse for Events
- Communal Kitchen with Dining Rooms
- Roof Terrace with River Views
- Courtyard with Outdoor Seating Areas
- On-site Management and 24/7 CCTV
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Hanover Square present clients the opportunity to acquire hand-picked, yielding property investment opportunities. We provide a turn-key service, assistance and support is given throughout the entire process. Our client base include retail investors, High Net worth Individuals, Asset Managers, and financial advisers.
Our strong relationships with developers and investor clients, places us in a great position to negotiate discounted deals. This allows our clients to access property deals that would not otherwise be found elsewhere. This discount gives our clients the benefit of securing property which will generate strong yields and capital growth.
We understand that every investor is different. Therefore we provide a personal tailored and consultative approach to get to understand your investment aims and objectives. This allows us to service you properly and put forward relevant investment options which will dovetail with your needs. We also provide specialist solutions to High Net Worth individuals who are looking to maximize the growth of their assets through bespoke portfolio structuring.
For those clients looking to invest upwards of £2m we are able to source prime location property and construct bespoke portfolios. Our expert team will have a consultation with you and guide you through the process.
Lettings: We have built strong working relationships with reputable leading Letting and management companies, which allow our clients to have a hands off turnkey approach to their investments. We understand the importance of prompt rentals to give our clients rental income in a timely fashion. Typically, the letting agent will offer full management of the property so that that everything from routine inspection to rent collection is taken care of on your behalf. Due to our relationships with lettings companies, you will also benefit from discounted fees for management. The agents we collaborate with our professional, and always strive to achieve the best rental for your properties.
Many of our investors prefer to be completely hands off so that we will take care of each step of the process. For example furnishings, solicitors, lettings and management are all areas where we have pre-negotiated discounted rates exclusively for our investors. Some of our investors choose to take care of these areas themselves if they prefer a more hands on approach to property
Before we present any opportunity to our clients, we use our expertise to research and carry out thorough due diligence on the opportunity. This process includes analysis of several market indicators; assessing market dynamics for rental and resale demand, local market listings and sales prices, achievable rental yields, local economic activities, nearby investment, transport infrastructure, local amenities and planned future development, investor activity, GDP, affordability, credit access and more. Additional to this we also assess the developers’ previous track record, looking at previous completion delivery, build quality, finish, profitability of previous developments.
This work is done to safeguard the financial wellbeing of the investor, we endeavor to take all necessary steps to minimize client risk and ensure economic resilience for our portfolio.
