Property Information
Address:
Rochester Court, Edgeworth Road, Norwich, Norfolk
, NR5 8AU
, Norfolk
, United Kingdom
Price: Property no longer available.
Size: 12359 sq ft1148 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH675823
Property Ref/Agent: 335317
*Please use the agent ref when calling the agent directly.
Property description
Well located high-quality student accommodation near the University of East Anglia (UEA), Norwich Research Park and the Norfolk & Norwich University.
Rochester Court, Edgeworth Road consists of 11 properties, let for 51 weeks of the year. The properties benefit from private off-street parking with security lighting, and fully maintained landscaped gardens.
Gross internal area of 12,359 sq ft (1,148.14 m2).
Gross Income for 2022/23 will be: £270,060
Projected income for 2023/2024: £286,800
Offers in the region of £3,500,000 for the freehold interest based on the current projected annual income profile. This would provide a net initial yield of 6.06%, after allowing for the usual purchaser's costs and reflects a capital value of £283 per sq ft of 12,359 GIA.
This property and Harvard Court are held in an SPV. Purchase of the company can be arranged.
Fully Let Student Accommodation Investment
Freehold
Close to city centre
Comprising 11 properties let for 51 weeks of the year
12,359 sq ft GIA
Gross income 2022/2023: £270,060
Offers in the region of £3,500,000 reflecting a net initial yield of 6.06%
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