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Holly Court, Bristol, Bristol, BS2 8DQ
not specified / Other
Withdrawn - Last updated: 12 April 2023
High quality student accommodation scheme comprising 45 studio apartments configured as 3 studios (24 sq m), 38 large studios (30 sq m) and 4 one bedroom flats
Excellent location in Cotham on the edge of the main University of Bristol campus
Fully let for 2012/13 on 51 and 52 week tenancies with a projected gross income of £459,767.
The property is currently designated as User Class C3 – residential use, which provides flexibility for other rental groups or owner occupiers.
There are 10 car parking spaces available to let at the property.
Currently managed by CRM who are contracted until September 2013.
Potential for other residential uses or a retail break up.
The tenure is leasehold with circa 84 years remaining on the lease.
We are seeking offers of £4.5m reflecting 7.23% Net Initial Yield off £344,275 NOI and a 9.7% Gross Yield.
Location
Holly Court, Bristol, BS2 8DQ, Bristol, South West
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