Ermin Hall
46-50 Denmark Road
Gloucester, GL1 3JP
£4,000,000
- Space Available100 ft² / 9 m²
Nicholas Rumble
Director - Residential Development
Agent details
Daniel Jay
Associate - Residential Investment & Development
Agent details
- Summary
- Energy rating
- Location
- Brochures
- Agents
Summary
Student Investment Opportunity - Gloucester
- Freehold
- Operational purpose-built student accommodation totalling 85 bed-spaces
- Centrally located, close to university campus with good access to local amenities
- Limited PBSA competition
- Secure investment let to The University of Gloucestershire (Company no. 6023243) for a term of 25 years commencing 26th August 2005 and expiring 25th August 2030
- Current gross rental income of £367,033
- Offers in the region of £4,000,000 reflecting a gross initial yield of 8.61%
- Low capital value of £47,058 per bed space
Description
A unique opportunity to invest in a purpose-built student accommodation block located centrally within Gloucester, close to the main university campus and benefiting from good access to the local amenities.
There is limited competition offering a similar standard of accommodation in the vicinity and the property offers all en suite cluster bedrooms.
We believe there are significant asset management opportunities for refurbishment and redevelopment (subject to terms of the existing lease/planning) to substantially increase occupancy and income over the short and long term ownership.
Ermin Hall was built in 2005 and comprises 85 en-suite bed spaces (excluding warden flat) in 13 cluster flats arranged in two separate blocks over part three and four floors. There is no lift access in the building.
All rooms are en-suite and each cluster flat contains between five and nine bedrooms and a communal kitchen and dining area.
Internally, the property provides fully equipped spacious shared kitchens, bedrooms including en-suites, a single bed, wardrobe, bookshelves and desk. The property also benefits from an on-site communal laundry room, bicycle storage area, gas central heating, WiFi internet connection and intercom entry system.
Energy rating
Location
Gloucester is a city, district and the county town of Gloucestershire located approximately 32 miles north east of Bristol and 45 miles south west of Birmingham. The city has strong road connections with Cheltenham and is easily accessible from Junctions 11, 11A and 12 of the M5 motorway.
Gloucester Railway Station is located 0.7 miles to the south of the subject property and there are a number of bus stops in close proximity. The shortest journey times to London Paddington are approximately 1 hour 55 minutes.
Occupying a good roadside position, Ermin Hall is located on Denmark Road, at its junction with the A430 Kingsholm Road.
The property is located on the edge of the city centre, approximately 0.7 miles north of the main retail core. The surrounding area is predominantly residential, close to the Kingsholm Stadium (Gloucester Rugby Club) and 0.9 miles to the west of the University of Gloucester’s Oxstalls Campus, home to the faculties of Sport, Leisure, Tourism and Event Management.
Agents
Nicholas Rumble
Director - Residential Development
Agent details
Daniel Jay
Associate - Residential Investment & Development
Agent details
Disclaimer
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