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House For Sale £4,550,000
Pennsylvania Road, Exeter EX4


Description
Situated within prime student accommodation locations for the university of exeter's main streatham campus this investment portfolio has been tried & tested for well over a decade, offering considerable income with still an opportunity to create more rooms and increase the current revenue.

A prime positioned, well maintained student investment portfolio within close proximity to the University of Exeter's main Streatham Campus and more importantly a tried & tested property portfolio for well over a decade that has been earning a substantial amount of income over the years.

This portfolio is all Pre-let for the 2021/22 academic year, if a sale hasn't completed by the October/November marketing year for the following 2022/23 academic year this portfolio will be Pre-let for the new buyer, where the current owner is looking to increase the income by uplifting the rent per week across the whole portfolio.

The University of Exeter student numbers have grown substantially over the last 5 years increasing by approximately 24% since 2016 with the numbers at approximately 27,296 for the 2020/21 academic year and highly likely to grow even more over the next decade. All the ug, pgt & pgr numbers have grown substantially over the last 5 years with the mean average being the above stated figure at 24% growth since 2016 - 2021.*

Exeter University is ranked within the top 150 prestigious qs World University Rankings 2022 placing it among the very best institutions worldwide, the University is also one of highly distinguished 24 Russell Group Universities within the United Kingdom.

*This data is taken from the annual 1st December student census and represents the most up to date information about students for the stated academic year. Students which withdraw during the year will not be accounted for in these figures. The data is fte including into, but excluding non-credit bearing students and inbound exchange students such as Erasmus.

Directions For further detailed information please contact Brett Hampton who has a wealth of experience within the Student Investment / Commercial marketplaces & the High End Residential market within our Exeter City Office.

Situation The portfolio lies within Pennsylvania Road, Springfield Road, Mowbray Avenue and a further location all of which is set in the prime of the prime student accommodation area within the Cathedral city of Exeter.

Situated in the vicinity of the University of Exeter's main Streatham Campus, the City of Exeter's High Street & Cathedral all being within a short distance of within 1.5 miles.

Agents notes A highly desirable student investment portfolio that has been tried and tested for well over a decade, continues to produce exceptional income with further potential to increase the revenue currently on offer which is within the vicinity of a quarter of a Million pounds per annum.

These five properties have been exceptionally well maintained to a very high standard over the years and have been continuously looked after throughout their history, an ideal investment portfolio for someone / company to continue to achieve exceptional levels of income with these five student investments.

In our opinion there is further opportunity to grow this portfolio in relation to income currently being achieved and also within the prospect of developing two of these properties further to increase more bedrooms within this portfolio.

Nb This Portfolio is for five properties and will not be split. You may be asked to provide evidence of ability to purchase before being able to book a viewing on this portfolio.

Follow the link for more information:
        
zoopla.co.uk

  
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