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