Available
Huddersfield – Student Accommodation Block
30 Kirkgate, Huddersfield HD1 1QLFreehold Student Accommodation Block Investment
Price
POA
Rent P.A.
£902,400
Yield
POA
Tenure
Freehold
Area
37,135 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises block of 127 purpose built studio flats
- 100% occupancy rate since its completion
- Fully integrated kitchens and LCD TVs
- Fully equipped private gym and lounge area
- 24hr concierge / monitoring system
- Total NIA: 3,450 sq m (37,135 sq ft)
- Within walking distance to Huddersfield University, Huddersfield Train Station and the Town Centre
- Nearby occupiers include Sainsburys, McDonalds and M&S
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises student accommodation block and consist of 127 luxury studio flats. All residential units come fully furnished with double beds, integrated kitchens and LCD TVs. The property includes fully equipped private gym, lounge area and lift to all floors.
The property provides the following accommodation and dimensions:
100 x Classic Studios, 15 x Deluxe Apartments, 10 x Executive Studios, 2 x 1 Bed Apartments
Ground Floor Plan:
The Ground Floor comprises Reception Lobby, Lounge, Gym, 15 x Classic Studios and 2 x 1-Bed Flats.
First-Fifth Floor Plan:
The First-Fifth Floors have identical layout and comprise 17 x Classic Studios, 2 x Executive Studios and 3 x Deluxe Apartments on each floor.
Total Net Internal Area: 3,450 sq m (37,135 sq ft)
The property provides the following accommodation and dimensions:
100 x Classic Studios, 15 x Deluxe Apartments, 10 x Executive Studios, 2 x 1 Bed Apartments
Ground Floor Plan:
The Ground Floor comprises Reception Lobby, Lounge, Gym, 15 x Classic Studios and 2 x 1-Bed Flats.
First-Fifth Floor Plan:
The First-Fifth Floors have identical layout and comprise 17 x Classic Studios, 2 x Executive Studios and 3 x Deluxe Apartments on each floor.
Total Net Internal Area: 3,450 sq m (37,135 sq ft)
Tenancy Description
100 x Classic Studios have been let to Individuals at a current rent of £140 per week representing a total income of £672,000 per annum.
15 x Deluxe Apartments have been let to Individuals at a current rent of £160 per week representing a total income of £115,200 per annum.
10 x Executive Studios have been let to Individuals at a current rent of £200 per week representing a total income of £96,000 per annum.
2 x 1 Bed Apartments have been let to Individuals at a current rent of £200 per week representing a total income of £19,200 per annum.
The property has been 100% occupied since its completion. The annual income is based on a 48 week tenancy.
15 x Deluxe Apartments have been let to Individuals at a current rent of £160 per week representing a total income of £115,200 per annum.
10 x Executive Studios have been let to Individuals at a current rent of £200 per week representing a total income of £96,000 per annum.
2 x 1 Bed Apartments have been let to Individuals at a current rent of £200 per week representing a total income of £19,200 per annum.
The property has been 100% occupied since its completion. The annual income is based on a 48 week tenancy.
Location Description
Huddersfield is a vibrant town, set in the rolling green hills of West Yorkshire. It is 14 miles (23 km) south-west of Leeds, 12 miles (19 km) west of Wakefield, 23 miles (37 km) north-west of Sheffield and 24 miles (39 km) north-east of Manchester. Huddersfield is connected to the motorway network via the M1 and M62 motorways. It hosts the University of Huddersfield and three colleges: Greenhead College, Kirklees College and Huddersfield New College. Huddersfield University currently has a record number of students topping 22,000, which is more students than Universities of Cambridge, Westminster, Liverpool, Bristol, Canterbury, Newcastle, Kent and many others. The property is located Within walking distance to Huddersfield University, Huddersfield Train Station and the Town Centre. Nearby occupiers include Sainsburys, McDonalds and M&S.
