Property for sale in Preston - 28350341 - Advertised on propertyO by Five Quadrant

Residential Property for sale

£66,800

England, Lancashire, Preston, United Kingdom Property ID: 28350341


Property features

  • Purpose-built student accommodation
  • 5 min walk from the university campus
  • Site provides a gym roof garden and cinema
  • Units available from just £66800
  • 9% NET yield for 1st floor units
  • 8% NET yield for all other units
  • Assured rental income for 5 years
  • Market analysis shows rents are sustainable
  • Pay no stamp duty

Property description

Canterbury Hall represents a lucrative investment in the student accommodation market in the growing and well-connected city of Preston.

 

International students are driving demand for high quality university accommodation in the UK. The pioneer in Preston is Canterbury Hall, just five minutes' walk from the main university campus, providing much-needed accommodation to the University of Central Lancashire, the eighth largest university in the country.

 

This year, there are 32,000 students enrolled on courses, but accommodation for only 2,200 students on campus, so accommodation is restricted to first-year students.

 

A £200 million investment by UCLan will comprehensively transform its Preston campus over the next 10 years, which is expected to drive a significant increase in the number of students seeking accommodation.

 

The standard of housing proposed at Canterbury Hall is higher than other accommodation in the city. Consisting of 190 larger-than-average studio apartments, the units will offer self-contained living so that each student will have an en-suite bathroom, queen size bed, study area and cooking facilities. The development also provides superfast Wi-Fi, a gym, roof garden, cinema, on-site management and its own gastro pub.

 

Canterbury Hall is due to complete in August 2018, with students able to move in to the development for the September intake in 2018.

 

Invest from just £66,800, with no stamp duty to pay, and receive 9% NET assured rental income for 5 years on 1st floor units - and 8% on all other units. These payments are made quarterly and start when the unit is built.

 

This is a cash only investment. Secure a unit now with a £5,000 non-refundable reservation deposit. 90% of units are sold out and only 17 remain, so act quickly!

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