Chandler Oak Apartments

Investment Summary

Chandler Oaks is a collection of fully refurbished 1 and 2 bedroom apartments located in the city of Gaffney, South Carolina. It is perfectly located near transportation links, shopping, office parks and Limestone College. 

 

There are 100 units in this community (63 two bed and 37 one bed) spread throughout 33 low-rise buildings all of which have solid concrete block walls. Each property has been completely renovated including the replacement of roofs, windows, electrical wiring, plumbing, air- conditioning, and internal walls. Brand new kitchens complete with refrigerators and cookers have also been fitted along with modern bathrooms. Walk-in closets and additional storage are also included. 

 

Limestone College

 

Limestone College was established in 1845 by English born scholars and has an enrollment of more than 3,500 students. It is a fully accredited four-year liberal arts institution that offers a variety of Bachelor of Arts, Bachelor of Science and MBA degree courses.With growing enrolment and very limited accommodation on campus, Chandlers Oaks presents the ideal student accommodation option. In late May 2014 and after many months of negotiations, the Limestone College President signed an initial five year rental agreement (starting in August 2014) which increases by 2.5% every year. 

 

Their intention would be to continually renew the contract assuming all goes well during the first five years. Furthermore, the University will furnish and maintain the properties which will be sublet to the individual students.  

 

This is a great opportunity to purchase an extensively renovated property with a minimum five-year return of 8% warrantied by the local management company.

 

Actual returns could be higher than 8%, this is just the minimum you would receive.  

 

These condos were designed as homes rather than student accommodation so they are much more spacious then the typical student pods. The average 1 bedroom apartments cover 450 sq ft (42 sq m) and the average 2 bedrooms 685 sq ft (64 sq m).

 

With a social area, on site security and a professional management team, these properties are ideal for shared student living. However they are not restricted to student use and have the flexibility to be rented (and resold) to anybody.

 

About Gaffney 

 

The charming city of Gaffney in South Carolina has recently found fame as the hometown of Frank Underwood, the lead character in the hit TV series House of Cards played by Kevin Spacey.

 

This city is known as the Peach Capital of South Carolina with The Peachoid, a 135-foot water tower, becoming one of the region’s most recognizable landmarks.With the Commercial Historic District listed on the National Register of Historic Places, Gaffney retains a small town charm with numerous churches, a variety of shops including the Prime Outlets with over 80 brand name stores and a Farmers Market, numerous restaurants and a new 20-acre park.

 

Gaffney is located 45 minutes from the financial hub of Charlotte, North Carolina (and its international airport) and 40 minutes from Greenville, South Carolina.

 

Limestone College- Location,location, location

 

Perfectly located near transportation links, attractions, shopping and office parks, Chandler Oaks offers highly attractive apartment homes with competitive features & amenities including:

Student Social Area

On-site Security

Beautifully Landscaped

Shopping And Entertainment Facilities Close By

Emergency Maintenance

On-site Laundry Facility

Professional Management Team

Near Public Transportation Routes

10 Minute Walk To Limestone College

 

With growing enrolment and very limited accommodation on campus, this community represents the ideal student accommodation option. Earlier this month, and after many months of negotiations, the Limestone College President signed an initial five year rental agreement (starting in August 2014) which increases by 2.5% every year. Universities don´t sign contracts like this for short term gain - the intention is to continually renew the mutually beneficial rental agreement. Furthermore, the University will furnish and maintain the properties which will be sublet to the individual students.

 

  • Fully refurbished 1 and 2 bedroom condos (solid concrete block) in Gaffney, South Carolina 

  • Historic Limestone College (10 min walk) has just signed a 5 year rental contract (automatically renews)

  • Additional management warranty in place providing 8% minimum net returns until 2020

  • Prices range from $48,600 - $77,000 and sizes 442 – 701 sq ft

  • Completely remodelled with new roofs, doors, windows, wiring, plumbing, air con, kitchens & bathrooms

  • Just 45 minutes from Charlotte, one of the USA´s fastest growing cities

 

 

NEXT STEP?

 

For detailed information on this investment please contact us by filling out the form below or calling us +44 (0)203 432 5474

 

We can send you: Comprehensive Investor Report.

Availability,

Price List, Floor Plans.

Details on the assured rental.

 

If you wish to reserve online please request the reservation form.

Please ask us any questions that you may have.

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