Living / Multi-housing

The Printworks, Preston

Sizer Street Preston, United Kingdom PR1 7DR
Asking Price
Area Size N/A
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2000

Property description

An opportunity to acquire a purpose-built student accommodation (PBSA) long lease ground rent investment.

Investment highlights

  • Located in Preston – A guild city in the heart of the Lancashire.
  • Situated on Sizer Street immediately adjacent to the city’s university, UCLan.
  • UCLan has a student population of over 38,000.
  • The property is under construction and due to complete in September 2022.
  • It will comprise of 218 studio apartments each let on 250-year leases at £350 per annum.
  • Freehold.
  • Each lease has 5 yearly rent reviews in line with the Retail Price Index (RPI uncapped).
  • Total passing rent of £76,300 per annum.
  • We are instructed to seek offers in excess of £1,300,000 (one million three hundred
  • thousand) which will reflect a net initial yield of 5.5% assuming purchasers’ costs
  • of 6.8%.
Last Updated Date: 18 Jan 2022

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Last Updated Date: 18 Jan 2022

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