Student Accommodation 5-7 Gibbon Ln 91 Unit Dormitory £3,100,000 (£34,066/Unit) Plymouth PL4 8BS
INVESTMENT HIGHLIGHTS
- Purpose built student block producing £181,447 gross pa.
- Former pub which has been closed for a number of years and could form part of a new PBSA scheme (STPP)
- Derelict house which has an extant planning consent for the construction of PBSA containing 12 studios
EXECUTIVE SUMMARY
The freehold of the properties are available for £3,100,000 subject to the grant of planning permission for a 71 studio PBSA scheme. If planning permission is obtained for more studios, then the price will increase by £27,000 per studio, an overage will apply.
PROPERTY FACTS
| Price | £3,100,000 |
| Price Per Unit | £34,066 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 91 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Size | 3,572 SF |
| Number of Floors | 1 |
| Year Built | 1990 |
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