Hassells Bridge_Property for Sale
Hassells Bridge_Property for Sale
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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Attributes

Number of units
45 units
Beds
92
Occupancy
100%
NOI
HK$2,981,000
Asking price
HK$47,014,000

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
Hassells Bridge 4_Property for Sale
Hassells Bridge 4_Property for Sale

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Hassells Bridge (0 Properties)

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Last updated
4 Jun 2024