Studio for sale

Canterbury Halls, 2 Garstang Road, Preston PR1

Canterbury Halls, 2 Garstang Road, Preston Pr1 1Al

Attention investors – hands off investment yielding above 9% net! Luxury purpose-built student accommodation close to the UCLan campus in Preston, enquire today to avoid disappointment.

Yieldit are delighted to introduce this hands-off student investment property producing an incredible yield above 9% net of all fees. Perfectly located close to the highly regarded University of Central Lancashire, which ranked in the top 7% of universities worldwide in the cwur's 'Global 2000 List', this purpose-built student accommodation development has it all to ensure a continuous rental demand for the student population which is in the region of 25,000.

This well-appointed self contained studio apartment has been completed to the highest of standards, including double bed, study desk, TV, fully equipped kitchen, ensuite shower room and high speed broadband. Residents of Canterbury Hall can also enjoy access to the beautiful roof-top garden, communal lounge with kitchen and pool table, gymnasium and easy access to Preston city centre with the abundance of amenities, shops, restaurants and bars to enjoy.

Preston is a fantastic city to invest in, it recently beat London as being the UK’s most improved urban area thanks to achieving above-average improvements for health, transport and work-life balance. It’s also the economic hub of Lancashire, boasting unrivalled transport links, a fantastic quality of life and affordable living, in addition to this it's appeal is only set to increase further with over £1billion of investment planned for the next decade including the 450m City Deal which is set to build on this and create 20,000 new jobs over the next 10 years.

Financial Breakdown

Gross Rent: £7,738.00
Net income: £4,566.86
Gross yield: 15.48%
Net yield: 9.13%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07611