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