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.