Canterbury Hall Preston
Welcome to Canterbury Hall Preston
Canterbury Hall Preston is a a stunning new build development in the lucrative market of purpose build student property (PBSA)
Featuring a beautiful roof-top garden and offering assured income for five years (backed by a cash bond) this is an excellent and secure investment opportunity.
Enquire about this Development
With a fantastic location right next to the UCLan campus Canterbury Hall Preston is the perfect solution for students looking for independent living in a student environment.
The demand characteristics exhibited by students has changed over recent years – many, especially those from overseas, no longer wish to live in converted houses. They now require bespoke, purpose-built accommodation which lies close to the educational hub.
With ever-increasing numbers of undergraduates, purpose-built student properties have become a mainstream global asset class which provides investors with a safe investment and minimal risk.
- Larger than average studio apartments from 21m2 to 27m2
- 8% Rent Assurance for 5 years guaranteed by a secure cash bond
- 5% interest on deposited funds
- No Stamp Duty Payable
- On site Gym, Cinema Room & Communal Gardens
- Fully managed
- Rent assurance is transferrable
- Full developer and contractor due diligence available
Situated on the corner of Garstang Road and St Georges Road, Canterbury Hall Preston is within a short walk of UCLan, the 8th largest university in the UK.
Canterbury Hall Preston is just a 5 minute walk to the UCLan Campus and is just 0.5 of a mile to the city centre
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 in the city with open arms as an important part of the city’s modern heritage and are a major contributor to its booming economy.
The student population in Preston is critically undersupplied by its halls of residence accommodation. The available 2,200 beds are consequently limited to first year students.
“Large-scale investment and regeneration programmes, such as the £440m City Deal, which along with other investments, is expected to create upwards of 20,000 new jobs, boosting the local economy to the tune of £1bn over the next decade.
The University of Central Lancashire, a public university based in Preston, which currently boasts a staff and student community approaching 38,000, recently announced plans to invest a further £200m into its City campus increasing numbers to over 50,000, making it the fourth largest university in England.
Strategically located, Preston is the geographic centre of the UK offering easy access to the M6, M61, M65 and the M55 motorway networks and is also less than an hour’s drive from Manchester, Liverpool or the Lake District and just two hours by train from London and Glasgow.
Over 40% of the UK’s working population live within a one hour commute making it an ideal location for companies, such as BAE Systems, while the city was named in 2016 by the Guardian as the number one place to live for quality of life in the north of England”
Studio Apartment Specifications & On Site Amenities
Canterbury Hall Preston Communal facilites include:
Studio Apartments sized from 21m2 to 27m2
ROOF-TOP GARDEN ~ GYM ~ SUPERFAST Wi-FI ~ STUDY/MEETING ROOM & CINEMA ~ LANDSCAPED GARDENS
Studio Apartments come equipped with:
BESPOKE KITCHENETTES WITH MODERN APPLIANCES ~ EN-SUITE BATHROOMS ~ LUXURY QUEEN SIZE BED ~
SPACIOUS WARDROBE ~ WORK DESK & CHAIR ~ MIRROR
Tenure: 125 Year leasehold
Delivery of the scheme is via the well respected contractors Warden Construction: http://warden.co.uk
Completion: August 2018
THE PURCHASE PROCESS
One you have chosen your unit(s) a reservation form will need to be completed and sent to us with a £5000 reservation fee.
Contract paperwork will be sent to your solicitor and they will be in touch to arrange an exchange of contacts, usually within 28 days. A 50% exchange deposit less the reservation fee is then payable.
A stage payment of 25% is due in November 2017 with the balance due on completion in August 2018
5% interest on deposited funds between exchange of contracts and completion
The assured rental income of 8% pa net of all costs is paid to you quarterly in arrears. This assurance is backed by a £1.7M cash bond…for further details contact us
Full biographies of the developer and contractors are available on request.
For further information, the brochure, floor plans or latest availability contact us via firstname.lastname@example.org or call us on +44 (0) 1420 561078
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