A rare portfolio of six operational PBSA assets providing 100% occupancy over the last
five Academic Years with sustainable rental growth. Each asset is situated within
a 10-minute walk of the principal university campuses. Six assets, totalling 848 PBSA beds across Aberdeen and Dundee. Exceptional occupancy track record with all assets 100% let over the last five Academic Years including the forthcoming 2026/27 Academic Year. Total Gross Income of £4,671,962 achieved for AY 2025/26 and a projected Gross Income of £4,852,304 for AY 2026/27. 86% let to UK-domiciled students, demonstrating a resilient demand pool. Potential to add value and improve NOI further through realistic asset management opportunities, such as converting from non-ensuite to ensuite and increasing
amenity provision.
Additional Information
Sales process
Offers are sought in excess of £40,000,000, subject to contract. A purchase at this level reflects an attractive capital value per bed of £47,170 and net initial yield of 7.12%
(based on 2026/27 Academic Year projections), assuming the sale of 100% of the shares in the holding SPV, and purchaser’s costs of 2.30%. Offers for an asset acquisition of the
whole portfolio will also be considered.
Describe the usage
student accommodation
Overview of the tenants
Direct let and professionally managed.
Other relevant information
The owner has not opted to tax the properties for VAT purposes and therefore the sale will not attract VAT.
