Key Facts
72 bed new Purpose-Built Student Accommodation
- Land – with option to buy being exercised
- Planning is fully approved, and conditions discharged
- *** READY TO COMMENCE BUILD ***
- Land has been cleared
- Turnkey Builder selected and professional services contractors all lined up
- Timeframe 12 months
- 8-minutes walk from the University Campus
- Purchase price – £440,000
- Development cost – £4,168,138
- Total development cost - £4,608,138
- Gross Rent per annum – £617,760
- Rental Yield – 13.2%.
- GDV – £6,177,600
- Development profit - £1,569,462
- Margin on GDV – 32%
- Margin on GDC – 47%