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Studio for sale Chapel Lane, Galgate, Lancaster LA2

1 bath
1 reception
  1. Property photo 1 of 10. Open Plan Living.Jpg

Points of interest

Property location

Nearby amenities

  • Ellel St John the Evangelist Church of England Primary School0.2 miles
  • Dolphinholme Church of England Primary School2.4 miles
  • Lancaster3.8 miles
  • Heysham Ferry Terminal5.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • Prime new build development
  • Income Producing Investment
  • No chain
  • Luxury Amenities Inc Cinema & Gym
  • Huge Student Common Area
  • Nestled In Lancaster’s Greenbelt
  • Moments From Lancaster University
  • Close To Transport Links
  • Study/Communal Area
  • Communal Laundry Facilities
***full 360 video tour available*** ***no stamp duty*** ***income producing investment *** ***property completed and let*** ***on-site viewings available***

This purpose-built deluxe student accommodation, Silk Mill Suites is absolutely stunning and offers so much to the tenants that live there including a gym, communal area, cinema room, communal workspaces, laundry and much more!

Current income: £693.33 per month (£173 per week)
Current tenancy agreement date: 6 September 2021 – 30 June 2022 (297 days)
Lease: 125 years
Service charge: £1200 P/A (per annum)
Ground rent: £350 P/A

The property is currently being advertised for the 2022/2023 academic year, once let the new owner will inherit the new tenant (please contact us for more information)

Truly a future proof investment property is almost on the doorstep of Lancaster University!

***no chain***

Welcome To The Mill

Welcome to The Mill, deluxe studio apartments set in the heart of Lancaster’s thriving student community. A refurbished Victorian mill, the property combines all the amenities of modern student living with the rustic charm of Lancaster’s industrial history. Nestled in Lancaster’s greenbelt, the property boasts an unbeatable location as the closest privately built student accommodation to Lancaster University campus. Combined, these factors make The Mill one of the city’s most desirable properties for students and investors alike. Don’t miss your chance to own a piece of Lancaster’s past, present, and future.

Lancaster The Student Market

Lancaster is home to over 18,000 students and hosts two higher education institutions:
Lancaster University and The University of Cumbria’s Lancaster campus.

Lancaster University is among the best the UK has to offer. Consistently ranking in the top 10 of all three major national league tables, the institution is also within the top 1% of universities globally. In addition, Lancaster sits 3rd for graduate-level employment in the Times and Sunday Times’s Good University Guide 2019.

As a result, it’s an extremely popular destination, attracting 12,960 students from 142 countries during 2017/18.

And, it’s growing.

The student population has increased at a rate of 16% P/A since 2008/09 - well above the national average of 12%.

The city’s smaller institution, The University of Cumbria, specialises in agriculture and natural sciences and operates across six campuses throughout Cumbria and the North West. The institution attracted 8,635 students in 2016/17 and has grown continually since being granted full university status in 2007.

Useful Information

Current income: £693.33 per month (£173 per week)
Current tenancy agreement date: 6 September 2021 – 30 June 2022 (297 days)
Lease: 125 years
Service charge: £1200 P/A (per annum)
Ground rent: £350 P/A

Floor plans and tours

Tours (1)

1 virtual tour available

Step inside the property with a virtual tour or video walkthrough.

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