Suffolk Chambers Hull
Suffolk Chambers is an assisted living development in Hull, featuring six one-bedroom units. Assisted living provides care and support to individuals who need assistance to live independently in their own homes. Residents receive personalised support to maintain their housing and develop various life skills, promoting greater independence.
About Suffolk Chambers
These properties are available for purchase either as a whole block or as individual units. Each dwelling is thoughtfully designed to provide a safe and secure environment for vulnerable individuals, enhancing their overall quality of life. Every apartment includes a 25-year management agreement provided by Yale Housing Association.
25-year Management Agreement
10% Yields
Cash Buyers Only
Strategic Location
Key Facts
- Prices starting from £182,000
- 1 bedroom apartments
- Strategic and in-demand location
- Starting net yield of 10%
- Upward-only annual rent review (CPI + 1% linked)
- No break clause
- No ground rent
- No service charge
- No maintenance costs
- No void or lead-in periods
Why Hull
The demand for assisted living properties in the UK is surging, creating opportunities for privately owned sites to be leased at premium rates under long-term agreements with local authorities nationwide. Investors can achieve substantial returns on their investments in assisted living properties while seeing the significant benefits these residences provide to their occupants.
Although the initial cost of an assisted living property may be higher than that of a typical residential property in the same area, the rental yields are notably superior. Moreover, with the continuing rise in demand for these properties, the potential returns are expected to increase even further.
