Mansion Place | 2 Boston St
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Mansion Place 2 Boston St
139 Unit Block of Flats £10,950,000 (£78,777/Unit) 6.30% Net Initial Yield Nottingham NG1 1BG
INVESTMENT HIGHLIGHTS
- Located within the Sneiton Market area of Nottingham city centre
- The asset consists of 139 bedrooms
- 10 minute walk to Nottingham Trent University
- Asset management opportunity
EXECUTIVE SUMMARY
Mansion Place is a 139 unit student accommodation investment opportunity, located in the Sneiton Market area of Nottingham city centre, within a 10 minute walk to Nottingham Trent University.
100% let for the current 2024/25 academic year at affordable rents.
Seeking offers in excess of £10,950,000 reflecting a Net Initial Yield of 6.30%, after assuming purchasers costs of 6.80%. This reflects an attractive capital value of £78,750 per bed.
100% let for the current 2024/25 academic year at affordable rents.
Seeking offers in excess of £10,950,000 reflecting a Net Initial Yield of 6.30%, after assuming purchasers costs of 6.80%. This reflects an attractive capital value of £78,750 per bed.
PROPERTY FACTS
| Price | £10,950,000 | Property Subtype | Apartment |
| Price Per Unit | £78,777 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Net Initial Yield | 6.30% | Lot Size | 0.33 AC |
| Tenure | Freehold | Building Size | 22,000 SF |
| No. Units | 139 | Number of Floors | 5 |
| Property Type | Multifamily | Year Built | 2012 |
| Price | £10,950,000 |
| Price Per Unit | £78,777 |
| Sale Type | Investment |
| Net Initial Yield | 6.30% |
| Tenure | Freehold |
| No. Units | 139 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 22,000 SF |
| Number of Floors | 5 |
| Year Built | 2012 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 77 | - | - |
| 1+0 | 31 | - | - |
| 1+1 | 31 | - | - |
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Mansion Place | 2 Boston St
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