The Mill

The Mill Chapel Lane, Galgate, Lancaster LA2 0PR

8% NET yield assured for 5 years

 

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 Highlights:

The closest modern PBSA to Lancaster University Campus

Prime new-build development comprising of 107 units

Located in an area with no rival development potential

Luxury amenities including cafe, cinema, gym and games room

8% NET yield assured for 5 years

Targeting a new demographic of students with affordable luxury living

Highly experienced developer with years of management and letting experience

Tap into a high-demand market, there are almost 10 returning students from outside the region for every purpose-built bed space in the city

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)

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

 

Entry level of £85,000