Canterbury Hall - student development in the heart of Preston

Are you looking for passive property investment with high guaranteed yield? We would like to introduce to your attention Canterbury Hall - a stunning new build development in the luctrative market of student property - purpose-built student apartments with rental income assured for five years. The complex features a beautiful roof-top garden and has a fantastic location right next to the UCLan campus (University of Central Lancashire) in the city of Preston. Canterbury Hall is the perfect solution for students looking for independent living in a comfortable student environment.

The four-storey development (on site June 2017, completion August 2018) comprises a total of 190 apartments, larger than average, with an iconic roof garden, resident’s gym, study/meeting room & cinema, super fast wi-fi, landscaped gardens, as well as full on site management. The apartments, with a contemporary design and high specification finishes throughout, are not subject to stamp duty. The prices start from £58,900, with 4% interest paid from exchange through to completion, with up to 10% rental income assured for 5 years. Average size unit of 23 m/247 sq.ft.

As the development increases in strength, there are now just 65 units available to sell - which means over 65% of the development is now sold. The steel frame has been delivered and the superstructure is now under construction which means the construction is on track. There will be a full sized show flat made up and ready for viewings as early as November 2017.

Preston is recently named best city to live and work in the North West. It is home to the 5th largest university in the country with over 33,000 students. The growth of the city and its links with major businesses (such as British Aerospace etc) has meant that there has been an increase in student numbers and an increase in demand for bed space. With no new purpose built studios to house them, this huge supply /demand imbalance means that this is a really exciting time to invest in this development.

Why buy apartments in this building?
• Prime location - 5 min walk to UCLan (0.7 miles), next to a pub which has now been bought by the developers and are making it a student pub offering social events, food and entertainment; cinema, 10 min walk to the town centre, to Preston Station – 1.4 miles, to Preston Bus Station – 0.9 miles, to Preston Marina – 2.0 miles;
• Availability of modern amenities - roof top garden, cinema room, study room, gym, lounge/games room;
• High End-suite Studio Apartments from £58,900 - £95,000 (av apartment price £66k)
• Fully Furnished, with fully fitted kitchenettes
• Assured net rental yields of 8% assured for 5 years (less GR 7.6%), annual net rental income available from £4,457 - £7,357
• Interest of 4% paid from exchange through to completion deducted from completion certificate. Saving you thousands on the purchase price
• No Stamp Duty on student property up to £150k - saving you approx £1,980 per unit based on an av £66,000 unit
• Fully Managed/Hands Off investment by SFM (Student Facilities Management), perfect for busy investors looking for hassle free investing
• Great income generating investment - for pension and retirement income
• Experienced developer and contractor

Canterbury Hall will be constructed by Warden Construction, who have recently won both Construction Business of the Year Award and the Corporate & Social Responsibility Award at the 2017 Lancashire Business Red Rose Awards.