Under Offer
Ipswich – Student Investment Opportunity
75 Grimwade Street, Ipswich, IP4 1LN
Offers in excess of £2,500,000
- Property Types:
- Residential, Student
- Tenure:
- Freehold
Description
- Freehold purpose built student accommodation investment comprising 49 en-suite rooms
- Fully let for Academic Year 2021/22
- Current Gross Rent Reserved for Academic Year 2021/22 (inclusive of bills): £257,729
- Excellent location for the University of Suffolk being on Campus North and 100m from the Student Union, Business School and University of Suffolk Library
- University of Suffolk student numbers have grown from 5,060 in 2014/15 to 9,565 in 2019/20
- Ipswich has a shortage of purpose built accommodation with only 744 PBSA bed spaces on offer
Offers in excess of £2,500,000 are invited for the Freehold interest, subject to contract and existing tenancies. A guide price offer reflects a gross yield of 10.30% based on the current gross rent received
Subject to contract