There is a large demand for accommodation with UK universities currently having over 2.4 million students and growing every year
Many students are unable to learn online and still need to attend. So safe, high spec student living is more desirable now than ever
We are so confident that there will no void periods, that you will be paid rent even if a tenant can't be found straight away!
Earn Hands-Free Income Now (The Process)
Receive call from Diamond Investor Team to confirm plot, price and payment method. Then pay Sourcing Fee of £3,000 + vat (Discount if purchasing in multiples)
Make reservation payment of £5,000 which will be taken off of your purchase price
Your Account manager will introduce you to our pre-arranged solicitors & brokers who can ensure efficient, seamless completion
Once you complete, you will instantly begin earning income at your 7% Assured Yield for a minimum of 5 years
ARE STUDIOS DELIVERED FURNISHED?
Yes. For ease of purchase, each studio is delivered fully furnished to appeal to the student market.
WILL THE DEVELOPER OWN THE FREEHOLD?
Yes, the developer will continue to own the freehold. However, they do offer a leasehold for 125 years on each unit.
WHAT IS THE ADDRESS OF THE DEVELOPMENT?
Silk Mill Suites, Chapel Lane, Galgate,
Lancaster LA2 0PR
ARE MY RETURNS ASSURED? IF SO, HOW LONG FOR?You will receive a contractual return of 7% NET per annum for 5 years.
WHAT HAPPENS AT THE END OF THE ASSURED RENTAL PERIOD? In most cases, the developer will continue to manage the property and offer a revised assured rent. However, there is also a developer buyback option in place from year 6, should you wish to sell your studio.
DOES THE DEVELOPER HAVE A TRACK RECORD?
Certainly, both have a long and distinguished record of delivering a substantial return on investment from its developments - particularly in new build and renovated student accommodation.
CAN I RESELL MY UNIT AT ANY STAGE?
Yes, upon completion of your purchase, the leasehold is yours to sell.
WHAT IS THE RESERVATION FEE?
To reserve your unit, you are required to pay a fee of £5,000 per unit. This will be deducted from your purchase price upon completion.
HOW DOES THE BUYBACK OPTION WORK?
From the start of year 6, you are given the option to sell back to the developer for 110% of your original purchase price. Please note that you may sell on the open market if you wish to.