The Mill-Lancaster

The Mill-Lancaster

The Mill-Lancaster

Chapel Lane, Galgate, Lancaster LA2 0PR

Invest Opp, Invest Opp UK

Price:85,000 £

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Property ID :

 RH-8270-property

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Bedrooms

1

Bathrooms

1

Year Built

2020

Description

The Mill is located in the heart of Lancaster’s thriving student community. This refurbished Victorian mill will have 107 deluxe studio apartments.  Nestled in Lancaster’s greenbelt, the property boasts an unbeatable location as the closest privately built student accommodation to the Lancaster University campus.

Deluxe studio apartments start from £85,000.00 to £105,000.00

Investment facts

  • 8% NET rental return for 5 years.
  • Closest privately built student accommodation to the Lancaster University campus.
  • Experienced developer with proven track record.
  • Award Winningmanagement & letting company.
  • 125 year leasehold.
  • Lancaster University 0.6 miles – 11 minute walk.
  • Expected completion: August 2020 (ready for the September intake).

Luxury Amenities

  • Communal space.
  • Private residents’ gymnasium.
  • Cinema room.
  • Games room
  • Café.
  • Storage areas.
  • Bicycle storage.

There are two Universities in Lancaster

Lancaster University

  • Top 10 UK University in all three major national league tables.
  • Ranked 3rd in UK for graduate-level employment in the Time and Sunday Times Good University Guide 2019.
  • 89% of Lancaster students go into professional work of further education after graduation according to the same guide.
  • Approximately 15,000 students enrolled.
  • University only provides 7,000 beds for students, a shortfall of almost 8,000.

University of Cumbria

  • Approximately 13,000 students
  • 97% of graduates enter employment within six months of graduating.
  • Only provides two accommodation buildings – Mill Hall and Waddell Hall – and actively points’ people towards private accommodation.

Prices:

Studio Apartment from: £85,000.00  to £105,000.00

Payment Process

  • Speak with our team and choose your apartment.
  • Complete the reservation form and transfer £5,000 reservation fee.
  • Both sets of solicitors are instructed and legal documents and sales pack are sent to you.
  • 50% on exchange of contracts minus reservation fee already paid (exchanged circa 21 days).
  • Remaining balance payable on completion.

Expected completion; Q4 2020.

Contact us using the enquiry tab (right of this page) to request either a call back to discuss your purchase options relating to this investment opportunity, current availability and latest prices or request our comprehensive e-brochure including floor plans and furniture pack.

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