Under Offer

Hull – Rare opportunity to acquire 135 prime student bed spaces

The Trees, 56 Cottingham Road, Hull, HU6 7RA

Offers in excess of £7,000,000

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

Description

  • A prime purpose built student investment opportunity occupying a prominent position on Cottingham Road
  • Arranged as five blocks of cluster accommodation comprising 135 mostly ensuite bedspaces
  • Subject to extensive refurbishment programme offering modern affordable accommodation
  • Currently fully-let to students producing £700,675 (Academic Year 2018/19)
  • Additional onsite office with residential upper-parts with potential for redevelopment subject to necessary consents
  • We are seeking offers in excess of £7,000,000 reflecting a gross yield of 10% and a low capital value per bedspace of £52,000