Under Offer
Ipswich – Student investment opportunity
Spring Court, Spring Road, Ipswich, IP4 2AB
Offers in excess of £3,650,000
- Property Types:
- Residential, Student
- Tenure:
- Freehold

Description
- Freehold student investment comprising 88 bed spaces arranged across 24 cluster flats:
- 4 x two bed flats
- 10 x three bed flats
- 5 x four bed flats
- 2 x five bed flats
- 1 x six bed flat
- 2 x seven bed flats
- Currently 94% let for Academic Year 2021/22
- Current Gross Rent Reserved for Academic Year 2021/22 (inclusive of bills): £376,836
- Estimated Gross Rental Income for Academic Year 2021/22 (assuming fully let): £399,815
- Excellent location: 15 minute walk from University of Suffolk, an 8 minute walk to Suffolk New College and 20 minute walk to Ipswich Hospital
- Original planning consent for “24 residential apartments”
- 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 are invited in excess of £3,650,000 subject to all existing tenancies, subject to contract.
A guide price offer reflects a gross yield of 10.32% based on the current gross rent received and an attractive price per bed space of £41,477.
Subject to contract