City Studios Apartments Pre-Launch Offer
8% NET Rental Income Assured For 5 Years
4% Interest Paid During Build (Ready Q3 2023)
City Studios in Preston sits adjacent to Garstang Road and North Road. The village concept already incorporates a brand new 190-bed student accommodation scheme, City Studios will provide a mixed use offering and further retail accommodation to the rear of the site to accommodate a supermarket. The site also provides car parking.
Premium serviced accommodation for students, young professionals, corporate contracts (NHS, BAE Systems etc.). Significant communal facility incorporating a premium hotel style theme. Built in steel and brick. The developer has an excellent track record of delivery.
Why invest in City Studios?
- En-suite Studio Apartments from £87k
- 8% NET Income Assured for 5 years (Pre-launch offer)
- 4% Interest paid from exchange through to completion – rolled up and deducted from final certificate
- Annual Net Rental income Available from £5,551 – £7,401
- No finder’s fee – saving you £4,200 on purchase costs
- No Stamp Duty on commercial property up to £150k – saving you approx £2,500.
- Average size unit of 23m/247sqft
- Experienced Management Company Onsite
- Central Location – 5 min walk to campus, next door to cinema, restaurants, pubs, bars and 10min walk to town centre
- Experienced developer and contractor
- Staged payment plan detailed below
- Planning consent received
Why invest in Preston?
- University of Central Lancashire main campus is housed in Preston
- Major expansion including £200-£250 million investment into infrastructure and high tech engineering buildings over the next 10 years with large investment from BAE
- Mid tier University providing high quality teaching across the North West
- Easy access by road and rail network to the North West, M6, Lake District
- Easy access to Blackpool, Liverpool and Manchester Airport for travel overseas
- Demand for beds has outstripped supply especially at this mid tier level
Why invest in Student Property?
- Modern En-suite Studio apartments with fully fitted kitchenettes
- Fully Furnished
- Fully Managed
- Hands off investment perfect for busy investors looking for hassle free investing
- Great income generating investment – for pension and retirement income
- Student sector grows by 37% in 3 years. The value of the sector has risen from £30.9bn to £42.5bn since 2014, establishing student accommodation as one of the UK’s biggest emerging property sectors.
- Increasing student property demand at mid level pricing
- £5,000 reservation fee
- 25% deposit on exchange of contracts
- 25% deposit on superstructure (6 months)
- 25% on watertight (12 months)
- Remainder on completion minus reservation fee and rolled up interest