Offers over £4,500,000

HOCKLEY POINTNottingham


    Key features

    • Offers over £4,500,000 invited for the Freehold Interest

    Student Accommodation Investment Opportunity

    About this property

    • Opportunity to acquire a fully operational, 80 bed student accommodation scheme offering attractively priced accommodation in the thriving student market of Nottingham. Nottingham is a dual University City and hosts a full time student population of approximately 57,000 Full time students (HESA 2017/18). The scheme comprises 80 non en-suite rooms arranged in cluster flats of 7 or 9 rooms over ground and 4 upper floors. The Property benefits from planning permission for an additional 42 rooms, generating potential for a significant increase in gross rental income.

    Local information

    • Well located in an established student accommodation area only 0.7 miles (15 minutes walk) from Nottingham Trent University City Campus.

    Additional information

    • 100% direct let for the 2018/19 academic year at an average rent of £107.18 per bed per week on 51 week terms
    • Current Gross Rental Income of £437,308 (2018/19)
    • Currently over 50% let for the 2019/20 year at rents of £109.31 per bed per week on 51 week terms, resulting in an anticipated Gross Rental Income of £445,966