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 9% NET assured rental income for 5 years on all 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.
Purpose-built student accommodation
5 minute walk from the Uni campus
Site provides a gym, roof garden and cinema
Units available from just £67,300
9% yield assured for 5 years
Market analysis shows rents are sustainable
Pay no stamp duty