Hassell Street, Newcastle-under-Lyme, ST5 1BF, UK

Hassells Bridge

Asset Description

Modern student accommodation block providing 45 units (of which 8 are sold long leasehold) providing 92 beds.

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Number of units

Beds

Occupancy

100%

NOI

CN¥2,758,000

Asking price

CN¥43,495,000

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