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british residential property | residential property for sale in united kingdom, city of canterbury | id: 29993216

united kingdom
residential property
from €56,520

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the seller of this property speaks: english

description

canterbury is a historic english city where 22% of the population are students. the city is home to three universities: the university of kent, canterbury christ church university and the university for the creative arts.

 

a conversion of a former air training corps building, atc canterbury will house 43 high quality units, designed to meet demand in a city that has a shortfall of student accommodation and new homes.

 

the conversion is being carried out by the coyne group, an experienced developer boasting a strong track record and 25 years of experience. 17 of its 18 previous projects have made investors a return of 30-40%.

 

this is a planning gain and build out opportunity, with a total gdv of £5,025,868. the coyne group is raising £1,528,500 of equity funding to finance phase one of the development.

 

with forecast rental yields of 6.3%, atc canterbury is well positioned to be purchased by a prs fund purchase upon completion. the forecast roi is 40.05% over 17 months equating to 28.27% on an annualised basis.

 

minimum investment in the secured partnership vehicle starts from just £50,000.

 

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