For Sale

Hatfield, Hertfordshire – Student investment opportunity comprising 116 bed spaces and additional commercial income

Curzon Point, 46 The Common, Hatfield, Hertfordshire, AL10 0LU

Offers in excess of £10,435,000

Property Types:
Residential, Student
Sub Type:
Student Accommodation
Tenure:
Long Leasehold

Description

  • Mixed use student investment arranged within two blocks
  • Total of 116 student bed spaces comprising:
    • 34 cluster flats (14 x two beds, 11 x three beds, 3 x four beds, 4 x six beds, 2 x eight beds)
    • 3 studios
  • Bespoke common area built to a high specification
  • Ground floor retail unit currently let to Yum! III (UK) Limited (t/a Pizza Hut)
  • Total Current Gross Rent Received: £654,116 (inclusive of commercial income)
  • Total Estimated Rental Value (assuming fully let subject to 51 week tenancies): £960,480 per annum (inclusive of commercial income)
  • Total Gross Initial Yield (off the ERV): 9.20%
  • Located close to University of Hertfordshire

Offers in excess of £10,435,000 are invited for the Long Leasehold interest, subject to existing tenancies and subject to contract

Subject to contract