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18th Jul 2018
The Franciscan International Study Centre in Canterbury has gone on the market with an asking price of £3.5 million.
The study centre announced its closure after 46 years in the city and is moving out of the site in Giles Lane at the end of June.
The building was constructed in the grounds of three acres in the 1970s and includes a main building of over 15,000 sq ft. There are also five residential blocks providing a total of 43 bedrooms, most of which come equipped with an en-suite, as well as offices and meeting rooms.
The centre had been used to run an ecumenical training programme which aimed to "develop the skills and experience of spiritual direction for those who feel called to accompanying others in their journey of faith".
The site, which sits adjacent to the University of Kent campus, is now been marketed by BTF Partnership.
Commenting on the site, director at BTF Partnership, William Hinckley, said: "This is a fantastic opportunity for either an occupier seeking a residential student centre or for those involved in the student rental market.
"It offers good quality accommodation ready for occupation with scope for further extension or development."
Mr Hinckley went on to suggest that less than 23% of the city's students are housed in university accommodation, and Canterbury therefore represents a top investment opportunity for student accommodation.
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