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28350341 - Buy a Residential Property in United Kingdom, England, Lancashire, Preston

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Canterbury Hall

Property Information

Type: Residential Property Property ID: 28350341
Location: Preston, United Kingdom Added on: 20 Jul 2017
Price: £66,800

Short Description

Student accommodation comprising a total of 190 apartments. Offering a minimum of 8% assured income for 5 years. No stamp duty. 4% interest paid between exchange and completion. Fully managed income generating investment.

Key Information

  • Property ID: 28350341
  • Location: Preston
  • Property Type: Residential Property
  • Prices: £ 66,800 / € 76,249 / $ 93,855

Full 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 8% NET assured rental income for 5 years - and 9% on 2nd floor 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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