Canterbury Hall - Student Property in Preston
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Completed student property investment in Preston, Lancashire. Offering a contracted 8% net yield for two years.
Canterbury Hall is a completed student property development in Preston, Lancashire. Studios within the block are available for investors to purchase.
Key Figures
£70,700Starting Price
8%Net Yield
Q4 2020Completion Date
Investment Details
Student Accommodation Investment in Preston, Lancashire
A new opportunity has arisen to invest in a completed student development in Preston.
Canterbury Hall comprises 191 self-contained studios with modern communal areas including a roof garden. It is conveniently situated next to the University of Central Lancashire campus, allowing students an easy commute to lectures. The development is also conveniently located close to supermarkets and a PureGym.
- Priced at £70,700
- Net yield of 8% contracted for two years, paid from the first student rental payment in Oct 2021
- Located next to location the UCLan campus in the city of Preston
- Rooftop garden
- 191 self-contained studios with modern communal areas
- Wi-fi, bike storage, laundry, and gym facilities
- Secure door entry and CCTV
- Onsite management and parcel service
The Numbers
Ground Rent:£275
Number of Units:191
Service Charge:£1,658
Prices:£70,700
Leasehold:
- 191 self-contained studios with modern communal areas
- Wi-fi, bike storage, laundry, and gym facilities
- Secure door entry and CCTV
- Onsite management and parcel service
- £5,000 reservation deposit
- Balance on completion
- Completion with 28 days
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