For Sale

Huddersfield – Purpose built student accommodation comprising predominantly studio apartments

Kinsmill Studios, King's Mill Lane, Huddersfield, HD1 3AW

Offers in excess of £8,000,000

Property Types:
Residential, Student
Sub Type:
Student Accommodation
Tenure:
Freehold

Description

  • Freehold student investment comprising 98 student bed spaces:
    • 90 studios
    • 4 x two bed flats
  • Currently fully let
  • Total Gross Rent Received: £715,711
  • Estimated Rental Value (assuming fully let subject to 51 week tenancies): £739,922 per annum
  • Gross Initial Yield (based on ERV): 9.24%
  • Premium accommodation occupying a quiet river side location, with amenities such as an onsite gym, cinema, bike storage and car parking
  • Located a short walk to the University of Huddersfield campus

Offers in excess of £8,000,000 are invited for the Freehold interest, subject to existing tenancies and subject to contract

Subject to contract