FINAL APARTMENTCanterbury Halls,
Preston, Lancashire
FINAL APARTMENT
STUDENT PROPERTYUnique Student
Accommodation
TESTED RESALE AND EXIT STRATEGY WITH CAPITAL APPRECIATION
Canterbury Halls is a really great development in an area that is seeing significant regeneration and appreciation. We are able to offer this completed property with an 8% assured net return for the next two years.
List Price (Cash) £70,700
Weekly Rental Rate (51 Weeks ) £130
Assured Rent at 8% 2 Years £5,656
Ground Rent pa £275
Net Annual Income £5,381
Anticipated Resale Price 2 Years £80,129
Resale Net Income Yield 7%
Projected Investment over 2 years
Net Income after costs £10,762
Capital Gain £9,429
Total Return £20,191
Projected Return on Investment 2 Years 28.55%
Return on Investment pa 14.30%
Why Preston?
In 2018 Preston was ‘the most improved city’ in PWC’s ‘Good Growth for Cities’ report. In 2019, it was ranked as the best city to live in the North West, surpassing both Manchester and Liverpool.
It’s intended that by 2026, Preston will be recognised as a highly sought-after place to live and work, not just in the North West but in the UK. In fact, the local economy is expected to grow by over £1 billion in the next 10 years.
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Company Number 11569470.
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