Operational Purpose Built Student Accommodation ( Scheme in established, dual university City.
136 student bedrooms arranged as 134 studios (99%) 2 two bed apartments (1%).
City centre location, offering convenient access to Cardiff University’s Queen’s Buildings within a 6 minute walk. These buildings house the School of Engineering, Computer Science, Astronomy P and Physics.
100% let for 2022 23 academic year, with rents c 11% up on 2021/22.
Rooms priced competitively with studio rooms ranging from £170-£215 pw and two bedroom apartments at £165 pw.
Wide range of amenity, including on site gym, games room and private dining area.
We invite offers in excess of £13,000, 000 for the freehold interest of the property. This price reflects an attractive net initialyYield of 6 00 %, assuming purchaser’s costs of 2.80%.
