Opportunity to acquire a rare purpose-built student accommodation en-suite-led portfolio (582 beds) with assets located in Newcastle, Sheffield, and Coventry. Three Russell Group universities with exposure to a total of six higher education institutions and 166,050 full-time students (HESA 2022/23). Asset management potential to enhance the portfolio and its rental income. All three assets are managed by the established operator CRM. Contracted gross rental income for the 2024/25 academic year totals £3,201,070.
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Verkaufsprozess
The individual properties within the portfolio (582 beds) are offered for sale by means of information tender. Three Freehold interests are offered for sale. The properties are to be sold with the benefit of leases, rights of way, easements or restrictions which may exist, whether or not mentioned in these particulars. The properties are available by acquisition of the assets. A pricing breakdown for each asset will be mandatory when bids are received. All of the assets are Freehold.
It is understood that all necessary services are available to the properties although it will be the responsibility of the purchaser to ensure they are available and adequate for any future use of the property.
