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Studio Flat For Sale £87,500
Chapel Lane, Galgate, Lancaster LA2


Description
***only one unit left at this price point - do not miss out*** ***8% net yield assured for 5 years*** 4% interest accrued on deposited funds during the build period, free furniture pack - no stamp duty* welcome to the mill - Student Living That's Far From Run-of-the-mill. 107 deluxe studio apartments set in the heart of Lancaster’s thriving student community. A refurbished Victorian mill, the property combines all the amenities of modern student living with the rustic charm of Lancaster’s industrial history. Are you looking for a hands off investment? This is a very exciting opportunity to obtain an 8% net Yield Assured For 5 years! Call Mighty House on option 1 without delay!

Welcome To The Mill

Welcome to The Mill, 107 deluxe studio apartments set in the heart of Lancaster’s thriving student community. A refurbished Victorian mill, the property combines all the amenities of modern student living with the rustic charm of Lancaster’s industrial history. Nestled in Lancaster’s greenbelt, the property boasts an unbeatable location as the closest privately built student accommodation to Lancaster University campus. Combined, these factors make The Mill one of the city’s most desirable properties for students and investors alike. Don’t miss your chance to own a piece of Lancaster’s past, present, and future.

Investment Information

Cost - £87,500
8% net Assurance 5 Years £35,000
8% net Assurance Per Year - £7000
8% net Assurance Per Month - £583.33

Lancaster The Student Market

Lancaster is home to over 18,000 students and hosts two higher education institutions:
Lancaster University and The University of Cumbria’s Lancaster campus.

Lancaster University is among the best the UK has to offer. Consistently ranking in the top 10 of all three major national league tables, the institution is also within the top 1% of universities globally. In addition, Lancaster sits 3rd for graduate-level employment in the Times and Sunday Times’s Good University Guide 2019.

As a result, it’s an extremely popular destination, attracting 12,960 students from 142 countries during 2017/18.

And, it’s growing.

The student population has increased at a rate of 16% P/A since 2008/09 - well above the national average of 12%.

The city’s smaller institution, The University of Cumbria, specialises in agriculture and natural sciences and operates across six campuses throughout Cumbria and the North West. The institution attracted 8,635 students in 2016/17 and has grown continually since being granted full university status in 2007.

Useful Information

Leasehold Length - 125 Years

Reserve from as little as £5000.00

Follow the link for more information:
        
zoopla.co.uk

  
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