Cormorant House is a new purpose built student accommodation development, that will provide 168 modern high quality residential studio apartments to the significantly undersupplied purpose built student accommodation market in Huddersfield.
Located in the heart of Huddersfield, Cormorant House is the newest addition to the ever changing Huddersfield skyline and forms part of the Waterside Quarter development. The first phase of Comorant House, called Kingfisher Court is already well under construction and will be welcoming students for the 2018/19 academic year. Following on the huge success and continued demand of Kingfisher Court, phase two has been launched with Cormorant House.
This modern purpose built student accommodation development provides property investor purchasers with a 9% NET rental return that is contractually assured for five years from completion of the property, in addition to this 5% interest will be offered on deposited funds during the remaining construction period.
This nine-storey building will offer students in this growing university town 168 excellent self-contained studio apartments that will come complete with an en-suite shower room and a kitchenette. Cormorant House will also have a range of excellent communal facilities including IT Suite and media room, gymnasium, laundry, games room, dedicated study areas and a state-of-the-art cinema suite.
Cormorant House will provide a total of 168 purpose built modern student apartments for the Huddersfield student housing market. Each property will be completed to a high standard with attention to quality finishes and good usage of space, these properties will provide an excellent long term housing solution to the student population in Huddersfield being centrally located for both Kirklees College, Huddersfield University and the town centre.
Every apartment will be offered fully furnished to prospective student tenants and the building will benefit not only from modern and high end hotel apartment style finishes but also a range of state of the art facilities. To manage the properties a specialist and established student housing operator will oversee the building to tenant, manage and staff the project once completed.
The properties in Cormorant House will be let to students on 51 week tenancies on an average rental of £135 per week. Student tenants will benefit from the high quality and central location of the apartments and owners of the apartments will gain an assured rental income over the first 5 years of ownership of 9% NET based on the purchase value of the apartments they own.
168 units | Prices from £57,495 - £65,995
Cormorant House is perfectly located for Huddersfield's student population of over 48,000 standing less than 150m from Kirklees College and just 0.4 miles from the University of Huddersfield, its close proximity makes it an excellent choice for potential student tenants.
Cormorant House is located within a key redevelopment area of Huddersfield. The Waterfront is a significant commercial, residential and leisure regeneration area which includes creation of high quality commercial business facilities around a master planned courtyard and promenade. Straddling the canal that runs adjacent to the Cormorant House site the area is set for major investment and redevelopment over the coming years.
The addition of the new £74 million Kirklees College campus on the site and now the development of the Cormorant House site will complement the new development and attract further investment. Buildings sizes in the development area range from 20,000 square feet (1800 square meters) through to 70,000 square foot (6300 square meters). A plaza to include amenity space and landscaped gardens is also planned.
With the first phase already well under construction, Cormorant House will offer a high specification new purpose built accommodation block specifically designed and conceived to accommodate the significant student demand in the Huddersfield area. Being located directly next door to a major campus gives Cormorant House a huge advantage over any other accommodation.
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