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29993216 - Buy a in United Kingdom, England, Kent, City of Canterbury

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ATC Canterbury

Property Information

Type: Property ID: 29993216
Location: City of Canterbury, United Kingdom Added on: 17 Jan 2018
Price: £50,000

Short Description

Partner with an experienced UK developer to build new purpose-built student accommodation in the undersupplied city of Canterbury. Earn a forecast ROI of 40.05% over 17 months, equating to 28.27% on an annualised basis.

Key Information

  • Property ID: 29993216
  • Location: City of Canterbury
  • Property Type:
  • Prices: £ 50,000 / € 56,521 / $ 69,588

Full Description

Canterbury is a historic English city where 22% of the population are students. The city is home to three universities: the University of Kent, Canterbury Christ Church University and the University for the Creative Arts.

 

A conversion of a former Air Training Corps building, ATC Canterbury will house 43 high quality units, designed to meet demand in a city that has a shortfall of student accommodation and new homes.

 

The conversion is being carried out by The Coyne Group, an experienced developer boasting a strong track record and 25 years of experience. 17 of its 18 previous projects have made investors a return of 30-40%.

 

This is a planning gain and build out opportunity, with a total GDV of £5,025,868. The Coyne Group is raising £1,528,500 of equity funding to finance phase one of the development.

 

With forecast rental yields of 6.3%, ATC Canterbury is well positioned to be purchased by a PRS fund purchase upon completion. The forecast ROI is 40.05% over 17 months equating to 28.27% on an annualised basis.

 

Minimum investment in the Secured Partnership Vehicle starts from just £50,000.

 

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  • United Kingdom
  • City of Canterbury
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