Exchanged

Dundee – Student Investment Opportunity

Peterson Hall, 25 Roseangle Dundee, DD1 4LS

Offers in excess of £12,000,000

Property Type:
Student
Sub Type:
Student Accommodation
Tenure:
Freehold

Description

  • Located in Dundee, Scotland’s fourth largest city, Peterson Hall is centrally located within a short walk to the University of Dundee and city centre
  • The city has seen a 10% increase in its full time student population in the last 3 years
  • Well repositioned to take full advantage of the shortage of PBSA in the city
  • Attractive room mix to include 3-6 clusters and 2 bed apartments
  • Projected Net Operating Income of £829,578 for 2022/2023 AY
  • Offers sought in excess of £12,000,000 subject to contract and exclusive of VAT, which reflects a net initial yield of c.6.75% based on the projected 2022/23 Net Operating Income. Based upon purchasers costs of 3.02% assuming MDR applicable.