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City Studios

  • From £79,000
The Unicorn, 378 North Rd, Preston PR1 1RU, UK

Overview

  • Residential, Studio
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 30
  • Sq M
  • Q3 2023
  • Year Built

Description

City Studios Apartments Pre-Launch Offer

9% 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 £79k
  • 9% 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

Payment Plan

  • £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
  • Address Unicorn House, North Road
  • City Preston
  • Zip/Postal Code PR1 1RU
  • Country United Kingdom

Details

Updated on September 6, 2021 at 2:24 pm
  • Price: From £79,000
  • Property Size: 30 Sq M
  • Bedroom: 1
  • Bathroom: 1
  • Year Built: Q3 2023
  • Property Type: Residential, Studio
  • Property Status: Airbnb, Off-Plan, Student

Contact Information

LPC Invest

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