Arish Wonderwall, a new standard for purpose-built student accommodation, located by the beach. Offering an easy fee-schedule (an “all-in” basis), inclusive of fully furnished individual studios with private bathroom, private kitchens and private terraces, WiFi, flat-screen television, gym, laundry room, study rooms and plenty of social spaces including lounges, roof top terrace, cinema room and gardens.
Arish Wonderwall Project
Patra, Greece
PROJECT OVERVIEW
PROJECT SPECIFICATION
Type
Purpose Built Student Accommodation, 56 Studio Apartments - Passive Investment Asset (fully managed)
Location
Located in the City of Patra, Greece (Patra is the 3rd largest city in Greece – home to 35,000 students)
GV
Golden Visa Eligible under €250k scheme
Legal Ownership
Freehold individual Title Deed over each Studio Apartment
Student Accommodation Operator
- Fully managed with 15 year operator lease
- Years 1-5 : 5% rental fix (net of expenses, but before investor own income taxes)
- Years 6-15: market (actual) returns
- Lease renews after 15 years with same or different operator