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Palace Studios


Palace Studios represents one of the most exciting investment opportunities in the north of England to date. With its prime location situated in the heart of one of the country’s largest towns, this development is guaranteed to attract huge interest. Today students demand far more from their accommodation and have become sophisticated in their choices, demanding high quality living with en-suite facilities as standard, as well as a location immediate to all university facilities. This also provides that all-important feeling of security, which is paramount to parents of students living away from home.

As referred by the Financial Times 2013, the student investment market has ballooned from a fringe investment within 10 years, to a global market worth £200 billion today. This extremely lucrative investment has attracted entrepreneurs and investors from all over the world to invest in the student UK market. Rents have continued to rise above the rate of inflation as reported from data held by the National Union of Students (NUS) and are reported to have risen by 53% since 2006. This trend is likely to continue with education being the priority for future generations.

Palace Studios is a prestigious student housing project, recognised by the University of Huddersfield accommodation office as an approved residence. It benefits from being not only the closest PBSA development to the university itself, but also offering substantially larger accommodation options.
The luxury development is located in the heart of Huddersfield town centre. It is surrounded by amenities and is just 200 metres away from the door of the university. This is particularly key given the remote location of other main residences and the proliferation of HiMO student housing within the residential areas near to campus.

palace-studios

The development is situated in an iconic former theatre building and will feature 110 studios, designed especially for students. The UK Theatre Trust (charged with protecting Theatre heritage throughout the UK) has already signed off on the refurbishment project;
“In our opinion, although The Palace is not in a conservation area, it should be on a local authority Local List as a local heritage asset. Therefore we are pleased that the proposal will ensure the former Palace Theatre is not left to deteriorate or to become derelict, and will bring the building into viable use which will be of great value to the area. Moreover, the proposal will restore the building’s character, celebrating the building as a local cultural landmark within the area and preserve it for future generations.” Mark James Price, MRTPI, IHBC Planning and Heritage Adviser, The Theatre Trust

Palace Studios represents an opportunity for private individuals to enter the student property market with minimum hassle, managed risk and attractive potential returns. As well as being a university-affiliated development, with the prestige that confers, the project offers:

  • Guaranteed returns of 10% p.a. for three years
  • Full on-site management taking care of letting and maintenance
  • A contractual buy-back option in year three should the investor decide to sell. Contract states minimum buyback of £70,000 or market value at time of sale
  • An experienced development team, already holding a large portfolio of student units in the local area
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