For Sale

Stoke-on-Trent – Student investment opportunity comprising 120 bed spaces

Caledonia Mills, Caledonia Road, Stoke-on-Trent, ST4 2DN

Offers in excess of £4,800,000

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

Description

  • Freehold student investment
  • 120 bed spaces arranged as:
    • 1 x two bed flat
    • 28 x three bed flats
    • 7 x four bed flats
    • 6 x studios
  • Total Current Gross Rent Received: £471,381
  • Estimated Rental Value (assuming fully let subject to 51 week tenancies): £651,780 per annum
  • Gross Initial Yield (based on ERV): 13.58%
  • Located a 15 minute walk from Staffordshire University Student’s Union

Offers in excess of £4,800,000 are invited for the Freehold interest, subject to existing tenancies and subject to contract

Subject to contract