We are delighted to introduce Canterbury Hall, an exceptional new development in the lucrative market of student property, located in the UK’s sixth biggest university city, Preston.
Exclusive to Assetz, these stunning apartments will offer tenants an amazing location on the doorstep of the city and UCLan campus.
With 10% assured income for five years available on reservations on selected units made in June (8% thereafter), plus 4% interest paid on deposits, the development features an iconic roof garden, resident’s gym, study/meeting room & cinema, as well as full on site management.
The apartments are not subject to stamp duty and feature full-service management, making this a secure, hands-off investment. With a contemporary design and high specification finishes throughout, it’s the perfect solution for students looking for independent living in a student environment.
Continuing our successful partnership on student developments, were delighted that SFM will be managing Canterbury Hall. "Student FM are delighted to have been appointed to manage Canterbury Hall – a stunning new student development in the heart of Preston. At Student FM, we only choose the best buildings to manage and see Canterbury Halls becoming an integral part of our impressive and growing portfolio.
"With our Warehouse Apartments scheme being a hugely popular Preston student accommodation building, having been fully occupied for 13 years and winning the prestigious Halls of Residence of the Year award, and with our excellent relationship with the University of Central Lancashire (UCLan), our international partners and our dedication to first class customer service, we feel sure that Canterbury Hall will become the pinnacle of student accommodation in Preston. And with UCLan’s £200m masterplan to transform the university into one of the top institutions in the country with dramatic planned increases in student numbers, the future is bright for student accommodation in Preston."
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.
UCLan has recently spent £100 million upgrading its buildings, teaching technology and sporting facilities. A further indication of its ambition, the university in early 2017 also announced proposals for the investment of a further £200 million that will comprehensively transform its Preston campus over the next 10 years. This includes:
A £30 MILLION ENGINEERING INNOVATION CENTRE
LANDSCAPING OF THE CAMPUS AND SURROUNDING AREA
DEVELOPMENT OF STUDENT FACULTY BUILDINGS
IMPROVING ROADS ON AND AROUND THE CAMPUS
UCLan is the 8th largest university in the UK but its student population is critically undersupplied by its halls of residence accommodation. The available 2,200 beds are consequently limited to first year students.
Preston is an excellent city for students. Although small by some city standards (the total population is 140,000) the fact that 32,000 students study at UCLan means that students are a large part of everyday life in the city. Students are welcomed with open arms as an important part of the city’s modern heritage, and a major contributor to its booming economy.
Purpose Built Student Accommodation (PBSA) offers lucrative investment returns. While many assets in alternative industry sectors are underperforming, PBSA has grown into the top performing asset in the UK over the last three years, according to Savills.
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 undersupplied.
To receive an investment brochure for this outstanding opportunity, enquire today.
*£500 legal fee contribution payable on completion when using our preferred solicitors.
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.