NOTTINGHAM STUDENT INVESTMENT PLACED ON THE MARKET FOR £2.5 MILLION

Harris Lamb has been instructed to market a student accommodation investment in Nottingham.

The city centre site 72-74 St James Street, comprises of 47 student bedrooms with amenities, located off Maid Marion Way.

The owners are seeking £2.5 million for the opportunity.

David Walton, Director, said: “As a thriving university city with a huge student population, this is an excellent opportunity for those investors looking to expand their portfolio of accommodation.

“This is an attractive Grade II Listed Georgian building which is fully let for the current academic year with good reservation levels for the forthcoming one. At present, the buildings generate a rental income of £213,913 per annum, making it a lucrative investment. Projected Income for 2019/2020 is £229,000.

“Student accommodation has been identified as a real hot-spot within the East Midlands, particularly in Nottingham, in the last two years, and we’re anticipating a high level of offers for this opportunity,” he added.

Enquiries should be addressed to David on david.walton@harrislamb.com  or at 0115 947 6236