Our Investments
The Mill
Location
Lancaster
Price
Prices From £95,000
Return %
8% NET For 5 Years
Feature
Furniture Packs Included
Description
Property and Invest are proud to release our latest investment opportunity in the heart of Lancaster- The Mill. Comprising of 107 deluxe apartments, this is a great opportunity for anyone looking for long term passive income.
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.
Our extensive experience in both student developments and lettings, means we know exactly what to offer in order to please both investors and student tenants alike. Aiming squarely at the luxury end of the market, our
apartments are far larger than what the current market has to offer. And our onsite, games, café, gym and study facilities help create a thriving student community within its four walls.
The museum on the first floor is a permanent exhibition of some of the old mill machinery that has been carefully removed from the original site. The building is the world's first mechanical silk mill, dating back to 1700, and we were keen to showcase this and preserve its important historical heritage. Each apartment is built to a high specification and a full furniture pack can be provided.
Why Lancaster?
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.
Specifications
- Prices From £95,000
- 8% NET For 5 Years
- Fully Managed
- Furniture Packs Included
- Great Opportunity For Passive Income
- No Stamp Duty