1-5 Swan Street, Manchester
1 Swan Street, Manchester, M4 5JJ, UK
A$8,633,000
Asset Description
Modern student accommodation block providing 45 units (of which 8 are sold long leasehold) providing 92 beds.
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Attributes
Number of units
45
Beds
92
Occupancy
100%
NOI
A$591,000
Asking price
A$9,320,000
Media
Investment Highlights
- Large student population in Newcastle Under Lyme and surrounding area, attending Keele and Staffordshire Universities, Newcastle Under Lyme College, Stoke on Trent College and City of Stoke on Trent Sixth Form College
- Historically well-let block with 100% of units already let ahead of the 2024/2025 academic year and a current 100% occupancy rate
- Excellent central location near the town's facilities, benefitting from east access to the surrounding universities and colleges
- Complex is not restricted to student use - suitable for BTR investors
- Gross income of £641,074.72 per annum contracted for 2024/2025 academic year and estimated net operating income of £301,175 per annum
Contact brokers
Hassells Bridge (0 Properties)
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Last updated
4 Nov 2024
