A stunning new build development in the lucrative market of student property. With a fantastic location right next to the UCLan campus in the city of Preston, Canterbury Hall is the perfect solution for students looking for independent living in a student environment.
Investment Highlights • 190 fully self-contained Studio apartments • Special offer of 9% net yield for 5 years • 4% interest on deposited funds • No Stamp Duty • Fully furnished • On-site student Gastro Pub • Unit sizes 21-27sqm • August 2018 build completion, in time for the September intake of students • 125 Year Lease And much more!
Why Invest in Purpose-built student accommodation? The four storey development comprises a total of 190 apartments. The demand characteristics exhibited by students has changed over recent years – many, especially those from overseas, no longer wish to live in converted houses. They now require bespoke, purpose-built accommodation which lies close to the educational hub. With ever-increasing numbers of undergraduates, purpose-built student properties have become a mainstream global asset class which provides investors with a safe investment and minimal risk.
University cities such as Preston will be at the forefront of the increase in international student numbers thanks in part to the high world ranking of UCLan and to the attractions of the location itself. The recent injection of capital through the Preston and Lancashire City Deal will boost the local economy creating employment opportunities for postgraduates.
Purpose Built Student Accommodation, rather than converted premises, offers investors reliable earning potential. Even though the rental contracts are relatively short-lived, these properties are always in high demand and are currently still woefully under-supplied.
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