Student accommodation for sale

Offers are invited in the region of £900,000 for this former pub which was converted into student accommodation in Nottingham 3 years ago.  Student rental accommodation has been amongst the most robust of all property investments even holding it's value during the slump induced by the "credit crunch".  This property is not in the best of areas and with a yield less than 10% it's no steal given the high costs of management and maintenance associated with a student let.

Initial Yield 9.78% (allowing for purchasers costs of 5.8%)

Current gross rental income of £93,159 per annum

6 self-contained flats totalling 21 bedrooms

Premises have been fully let since their conversion 3 years ago

Located 1 mile from the Nottingham Trent and Nottingham universities

Matt Cullen T: 0115 979 3493 M: 07775 763 015 E: mcullen@heb.co.uk



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