Guildhall Square Construction Updates
Guildhall Square Development Progress
Guildhall Square offers a lucrative opportunity for investors in the fast-growing city of Preston, which is popular with students as it is only a 16-minute walk from the prestigious University of Central Lancashire. This development offers strong potential for capital growth. This converted commercial property features 35 high-end apartments designed for young professionals, with spacious kitchen and living areas and premium finishes. This development is in an ideal location, with transport links across the city and beyond. Guildhall Square offers modern apartments from £70,000 with a NET rental return of 8%, which caters for Preston’s increasing number of young professionals and students.
The Guildhall Square project is being handled by a team of highly-skilled workers who have years of experience working on large developments, so you can rest assured knowing your investment is in safe hands. To find out more information regarding how this development is progressing, take a look at the Guildhall Square Construction Updates above.
Preston – The Heart of Lancashire
Preston is the thriving commercial and administrative centre of Lancashire with an excellent transport network that makes it a popular choice for a variety of businesses. The city is also home to the University of Central Lancashire (UCLAN) which has approximately 30,000 students. UCLAN has come on in leaps and bounds in recent years and has grown steadily as a viable choice for domestic and overseas students.
Currently the number one university in the UK for aerospace, Preston is home to the UK’s largest concentration of aerospace employment, and the 4th largest aerospace cluster in the world.
Preston is experiencing significant growth, and that is set to continue into the future. In 2016, there were over 5,000 enterprises in Preston. That figure demonstrated an increase of nearly 18% over the three-year period between 2013 and 2016. Preston has negotiated £430m of inward investment that will be used to create 20,000 new jobs across the city, along with the £50 million Market Quarter scheme to restore the 1875 Covered Market.
Several key economic developments in Preston have triggered an increase in demand for central, high-quality accommodation for young professionals, for which the apartments at Guildhall Square are perfectly suited.
Contributing to Preston’s growth are property developers, who are investing in developments like Guildhall Square, which is fulfilling the demand for housing in the north. This development should prove popular with residents who are looking to be close to necessities, as it is only a 6-minute walk from the local shopping centre, and a stone’s throw away from transport links. This is also convenient accommodation for students, as UCLAN is within walking distance, while also being close to local restaurants and bars, allowing them to live out the ultimate student experience.