Description
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- Freehold city centre investment opportunity
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- 83 en-suite bed spaces and 1 bedroom flat arranged in a single building over five floors
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- The property as of September 2025 is 59% occupied with a total contracted gross rent of £26,530 per calendar month (£318,360 per annum)
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- Based on September’s secured figures the sale represents a gross yield of 10.53% assuming purchaser’s costs of 6.13%
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- Rental ERV of £510,300 per annum with a reversionary yield of 16.87% assuming purchaser’s costs of 6.15%
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