Lancaster – PBSA student investment opportunity comprising 230 bed spaces

by Dima
Created Aug 04, 2021 | Lancaster, UK
$0 raised of $10,000,000 goal 0.00%
  • 0 Investments
  • No deadline
  • Well located city centre student accommodation comprising a total of 230 direct-let bed spaces
  • Arrnaged as three, four and five bedroom non-ensuite cluster flats
  • Offering an affordable option for students, with highly competitive rental levels on par with HMO rents in the city
  • Fully operational development with asset management opportunity
  • Projected GOI for AY 2021-22: £1,093,943
  • Projeced NOI for AY 2021-22: £640,833 (£1,970 per bed)
  • Currently operated by award winning student operator: The Student Housing Company
  • Lancaster is a top 10 UK University city benefitting from year-on year student growth and a limited planning pipeline
  • Offers are sought in excess of £10,000,000 (Ten Million Pounds) subject to contract, which reflects a net initial yield of 6.23% on the projected 2021-22 Net Operating Income based on purchasers costs of 2.80% and assuming MDR is applicable (*buyers must reply on their own due diligence re MDR)
  • Asking price reflects a very low capital value per bed space of £43,478
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