Investment Properties for sale in Preston

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Student Accommodation Investment // Guaranteed 9% NET Yields £69,000 per apartment

Preston, Lancashire, England

  • Leasehold Price: £69,000
  • Annual Turnover: £6,210
  • Annual Gross Profit: £6,210
  • Annual Net Profit: £5,860
Seller Reference: printworkspreston
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Business Description
 
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Seller Reference: printworkspreston
Request Details
Business Description
HIGH YIELDING INVESTMENT OPPORTUNITY

----Located Directly on the UCLAN Campus
----Fully Furnished Apartments
----9% NET 5yrs Rent Guarantee Excl. Ground Rent
----250-Year Lease
----4% Interest on Deposited Funds
----Private Gym and Study Areas

Your chance to invest in one of the first PBSA developments directly on the UClan campus, providing the 23,000+ attending students with quality secure accommodation within minutes of the main campus halls. Each unit provides investors with a 5 year guaranteed 9% NET yield.

The Development - The Printworks, Preston
Located directly on the University of Central Lancashire’s (UCLan) campus in the centre of Preston, The Printworks is the perfect solution for students looking for independent living in a student environment. The four-storey development comprises 218 self-contained studios across two separate buildings. The development is the first all-studio student accommodation on the UCLan Campus.
These premium residences are larger than average studio apartments. The entire apartment has been designed to be contemporary and comfortable. Bespoke kitchenettes are fitted with modern appliances. A spacious wardrobe, luxury double bed and desk and chair give tenants more than enough space to store belongings and relax. Residents will also benefit from the premium communal areas, including gym and study areas, which are served by a super-fast wi-fi connection. The areas surrounding the buildings have also been designed to offer tenants outdoor spaces where they can socialise including landscaped gardens and seating areas.

The Printworks in Preston will be developed by The Ladson Group, an A1* rated NHBC developer with over thirty years of experience in the construction and development industry and an illustrious portfolio of previous student developments. A developer profile can be provided on request. The Printworks will be managed by Homes for Students. Homes for Students takes great pride in being one of the UK’s leading providers of student accommodation, and every room has been designed with the students’ requirements in mind in order to enhance this next stage in your academic journey.

A Student-Friendly City
Preston has been reinventing itself since 1179 and continues to do so. Situated in the heart of the North West of England, this small city with a big personality attracts 30,000 students every year. Students from over 120 countries come to study at UCLan, making this city a lively and diverse place to study. There is no shortage of entertainment in this multicultural city. A host of shops, restaurants, bars and culture ensure that students return year on year to this student-friendly city.

Outstanding Student Accommodation for a World-Class University
The demand characteristics exhibited by students have changed over recent years. Many, especially those from overseas, no longer wish to live in converted houses or in the common “cluster-flat” student accommodation. They now require bespoke, purpose-built student accommodation (PBSA) which lies close to the educational hub. Overseas students – who on average require accommodation for 51 weeks in a year and expect a higher standard of living – are now acting like general housing consumers, opting to go for the best quality they can get at a reasonable price, not just the cheapest property on offer.

The high worldwide ranking of UCLan and the attractions of the location itself build a solid foundation for the success of this development. UCLan has recently spent £100 million upgrading its buildings, teaching technology and sporting facilities. As a further indication of its ambitions, the University in 2015 announced proposals for the investment of a further £200 million. This plan, known as the Campus Masterplan 2020, will comprehensively transform its Preston campus over the next decade. This injection of investment directly in to the University will continue to attract domestic and overseas students and encourage them to remain in the area after graduation.
POSTCODE FOR LOCATION PR1 7DR

*Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase
Tenure:
Leasehold
Location Details:
A PBSA development actually on the UClan campus in the centre of Preston, the ideal location for this type of investment. PR1 7DR
Leasehold Term:
250yr lease
Listed by:
Residential Estates
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