Under Offer

Sheffield – Student portfolio of 219 student beds across 6 properties

Offers in excess of £8,000,000

Property Types:
Portfolio, Residential
Sub Types:
Student Accommodation, Block of Flats

Description

  • Six properties in total, comprising 219 bed spaces
  • Mixed Freehold and Leasehold
  • Four blocks (71% of bed spaces) located within 0.5 mile (10 minute walk) of Sheffield Hallam University
  • Remaining two blocks within 0.6 mile (10-15 minute walk) of The University of Sheffield
  • 92% let for the Academic Year (2017/2018)
  • Gross Rent Reserved: £820,254 (2017/2018)
  • Portfolio occupancy has never been below 90%
  • Estimated Rental Value (if fully let): £882,904 (2017/2018)
  • Gross Yield based on the ERV: 11% (as a portfolio)
  • Further development potential subject to all necessary consents

 

Offers are invited for the properties collectively or individually subject to the existing tenancy agreements, subject to contract. Please see website for details.