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7 Prime Student Accommodation Assets

United Kingdom

71%

£143.350.000

Special purpose

#16429

Core+

3 Feb 2024

Property Details

Broker

For sale

Leasable area

5.44 %

Freehold

X

Fees

0.00 %

0.20 %

0.00 %

0.20 %

Investment Overview

Excellent opportunity to acquire a rare freehold purpose built student accommodation portfolio with diverse geographical spread across the UK (1,250 bedrooms). 7 Freehold/Feuhold Assets. Attractive balance of domestic (46%) and international (54%) students. Strong operational track record and has achieved 100% occupancy for the 2022/23 academic year. Rent growth forecast of 8% for the 2023/24 academic year. Total gross income of £10,703,000 for 2022/23 academic year. Exposure to a total of 12 universities and 170,356 students. The assets are offered as a portfolio but the vendor will consider offers for individual assets.