For Sale

Southampton – Student investment opportunity comprising 46 bed spaces

London Road Apartments, 40a-42a London Road, Southampton, SO15 2AG

Offers in excess of £4,500,000

Property Types:
Residential, Student
Sub Type:
Student Accommodation

Description

  • Part Freehold part Leasehold student investment
  • Opportunity comprising a total of 46 bed spaces:
    • 38 x studios
    • 4 x two bedroom flats
  • 44 of 46 rooms let for the current Academic Year (2019/20)
  • Total Current Gross Rent Received: £324,604
  • Total Estimated Rental Value (assuming fully let subject to 51 week tenancies): £357,498 per annum
  • Gross Initial Yield (based on the ERV): 7.94%
  • Located close to both the University of Southampton and Southampton Solent University

Offers in excess of £4,500,000 are invited for the part Freehold and Leasehold interests, subject to the existing tenancies and subject to contract

Subject to contract