Property description
12 Bedroom Student Accommodation, Two Flats, Next to Rennys Lane Development, Former Methodist Chapel, 10.59% Gross Yield
This property offers twelve students rooms split into two flats of six rooms located on each of the two floors. Each flat shares the same blueprint to ensure the communal areas are not located above bedrooms. There are six bedrooms on each floor all currently with doubles beds and with a minimum size of 8.3 square metres. The large living rooms and large kitchen space ensures these flats remain popular year on year with the student community.
The property has been continuously let since its redevelopment from office space to student accommodation in 2006 and is currently let until 30th June 2017 generating a gross rent of £59,280 equating to a gross yield of 10.59%.
Ideally located next to Tesco Extra and the new Rennys Lane student development, ensuring student amenities are within walking distance. The property will also benefit from the new student only bus service operating from Rennys Lane to the Mountjoy Centre at the University.
A video walkthrough is available upon request by email to elvet@elvetestates.co.uk. Viewings can be arranged by calling Elvet Estates on 0191 375 7000
Property Features :
- 10.59% Gross Yield
- Student Investment
- Twelve Bedrooms
- Two Flats
- Ideally Located
Property Info: