Urban Study Portfolio
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Urban Study Portfolio
3 Multifamily Properties Offered at $48,167,115 in Multiple Locations
Investment Highlights
- Three freehold operational income producing assets in Newcastle
- Newcastle is a Russell Group city with over 53,000 full-time students
- Comprising 354 high quality, luxury studios
Executive Summary
Three freehold operational income producing assets in Newcastle, comprising of 354 high quality studios are available at an asking price of £38,000,000.
The units benefit from an excellent standard of amenity to include gym, cinema, private dining and study spaces.
Based on 2022-23 forecasts, a purchase at this level reflects a gross yield of 7.91% and a net yield of 5.50% (before purchaser’s costs). We would expect buyers to benefit from Multiple Dwellings Relief.
The units benefit from an excellent standard of amenity to include gym, cinema, private dining and study spaces.
Based on 2022-23 forecasts, a purchase at this level reflects a gross yield of 7.91% and a net yield of 5.50% (before purchaser’s costs). We would expect buyers to benefit from Multiple Dwellings Relief.
Property Facts
| Price | $48,167,115 | Number of Properties | 3 |
| Price / SF | $369.77 / SF | Individually For Sale | 0 |
| Cap Rate | 5.50% | Total Building Size | 130,262 SF |
| Sale Type | Investment | Total Land Area | 1.50 AC |
| Status | Pending |
| Price | $48,167,115 |
| Price / SF | $369.77 / SF |
| Cap Rate | 5.50% |
| Sale Type | Investment |
| Status | Pending |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 130,262 SF |
| Total Land Area | 1.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Tyne Bridge Apartments
Pilgrim St, Newcastle upon Tyne NE1 2TT |
Multifamily | 46,592 SF | 1960 | - |
|
Jesmond Apartments
Grantham Rd, Newcastle Upon Tyne NE2 1QX |
Multifamily | 46,930 SF | 2016 | - |
|
Melbourne Apartments
6 Melbourne St, Newcastle Upon Tyne NE1 2JF |
Multifamily | 36,740 SF | 2006 | - |
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