COMMON USE CLASS: C3 Dwelling Houses
Please note that this is an off-market opportunity that is available to qualified buyers only.
Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.
Opportunity to acquire a purpose-built student accommodation apartment block with freehold located in Derby. The block is currently under development and is expected to be completed in October 2021.
The block comprises 108 studio apartments spread over 5 floors, ranging in sizes between 194 sqft to 280 sqft. Each apartment comes fully furnished including kitchen appliances, a double bed and a desk. The communal areas extend to 6,000 sqft and include a gym, cinema room, dining areas and launderettes.
Once fully let the apartment block is estimated to generate a gross rental value of £833,000 pa. At the time of listing 77% of the apartments have agreed tenancies.
The student block is located in the centre of Derby with plenty of amenities on the doorstep. Transport links within the area are excellent. There are several bus stops just a short walk away and the nearby inner-city ring road connects to all major roads leading out of Derby. The closest train station is Derby railway station allowing travel to other cities in the North East, South West as well as London.
The vendor is seeking offers in the region of £9,250,000 (inclusive of freehold).
Please contact our sales team for further details.
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