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City Studios, Preston From £85,000 | 9% Net Guaranteed for 5 Years | Completing Q2 2023

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INVESTMENT OVERVIEW

Residential Overview

Preston’s new Serviced Apartments offering investors a protected 9% NET P.A. & 4% P.A interest during build

This brand new mixed-use development offers premium serviced studio-apartments for students, young professionals, corporate clients including the NHS and BAE Systems.

The developer and contractor both hold an outstanding delivery track record.  The village concept of City Studios, already incorporates 190-bed student accommodation project.

The development provides sought-after car parking with retail space to the rear of the site to accommodate a supermarket.

Market Overview

Preston

Student Population

Preston boasts 40,000 students

Best North-West City to Live

and work – 4-years running*

UCLAN’s £200M Master Plan

Major expansion over the next 10-years

With UCLan being one of the top 10 largest university in the UK, the demand for beds in the city centre has outstripped supply especially at the mid-tier level from, tutors, graduating students and in particular medical students on short term contracts with the University Hospital and engineering students at BAE.

Preston is the administrative centre of Lancashire, a county with a £25.5 billion economy that supports nearly 650,000 jobs. Equipped with a competitive cost base and good location near to Manchester and Liverpool, Preston is the engine room of Lancashire’s economy and one of the largest local economies in the north of the UK.

 

*Good Growth for Cities Index by Demos-PwC

Project

Preston's new Serviced Apartments, offering spacious studios, communal lounges and parking


Types
Studios
Price
£79,000 - £106,000
Size
20sqm - 30sqm
Planning
Mixed-use
Reservation
£5,000
Completion
Summer 2023

Investment

Investment opportunity with a protected 9% P.A. & 4% P.A interest during build


Rental
Serviced Accommodation
Annual Return
9%
Assurance period
5 Years
Build Interest
4% P.A. during build
Fully Managed
Yes
Asset Bond
Yes

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