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THE PRINTWORKS

Student accommodation in Preston, United Kingdom

  • Units of £ 63,000 and £ 69,000
  • 5-year rental contract at 9% net.
  • Delivered fully furnished.
  • Fully managed investment.
  • Delivery Q4 2021

What is The Printworks?

It is a four-story real estate development consisting of 218 independent studios in two separate buildings. The development is the first fully-fledged student accommodation to be built on the campus of the University of Central Lancashire (UCLan).

The demand characteristics exhibited by students have changed in recent years. Many, especially those from abroad, no longer want to live in converted houses or in common accommodation for “clustered” students. They now require custom-designed, specially designed student accommodation (PBSA) located near the educational center.

The UCLan’s high global ranking, and the attraction of the location itself, create a solid foundation for the success of this development.

The recent capital injection through the City of Preston and Lancashire deal will boost the local economy and continue to build on what draws international students to the UK year after year.

Amenities and services

  • Reception.
  • Gym.
  • Outdoor spaces and study rooms.

Why invest inThe Printworks?

  • Fully managed investment.
  • High rental returns by contract.
  • Excellent location (within the university campus).
  • High demand.
  • 0% stamp taxs.

The Printworks is the first complex of its kind on the UCLan campus. The University was founded in Preston in 1828 as the Institution for the Dissemination of Knowledge, making it one of the UK’s largest universities. The staff and student community total 38,000 and offers 500 undergraduate courses and 200 graduate courses in the region. It is a leader in learning in terms of degree development in the emerging disciplines of fashion, forensic medicine, journalism, and sports science.

UCLan has recently invested £ 100 million to improve its buildings, teach technology, and sports facilities. A further indication of its ambitions, the University in 2015 also announced proposals for an investment of another £ 200 million. This plan, known as the Campus Masterplan 2020, will comprehensively transform the Preston campus over the next decade.

The City of Preston

The city of Preston is located in the heart of the beautiful Lancashire countryside, and has a population of approximately 140,000. Tracing its history for almost 1,000 years, it is a modern and multicultural city built on the solid foundations of the Industrial Revolution. Preston is the administrative center of Lancashire, a county with an economy of £ 25.5 billion that supports almost 650,000 jobs. Equipped with a competitive cost base and a good location near Manchester and Liverpool, Preston is the engine room of the Lancashire economy and one of the UK’s largest local economies in the north.

Preston reinvents itself since 1179 and continues to do so. With the government’s economic strategy the city uses for regional growth, Preston received a huge boost to his aspirations for economic growth with the announcement of the Preston, South Ribble and Lancashire City Agreement:

  • £ 430 million invested directly in central Lancashire.
  • Transportation and business infrastructure expansion around Preston.
  • Creation of 20,000 new jobs and 17,000 new homes.
  • Stimulate an additional local investment of £ 2.3 billion.

INVESTMENT SUMMARY

  • 218 premium studio apartments, larger than average.
  • Prices from just £63,000
  • 9% net return for 5 years.
  • Perfect location within the university campus.
  • Contemporary design and high specification finishes.
  • 4% interest on deposited funds from the execution of the contract until completion. Deducted against the balance upon delivery.
  • Fully managed investment.

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