Commercial property
Investment for sale Prime Student Accommodation Funding Opportunity - 162-174 Dundee Street, Edinburgh

Summary

• Prime student accommodation development opportunity in Edinburgh city centre
• Planning permission granted for 216 student rooms comprising 79 en-suite clusters and 137 studios
• It is the last student scheme to be granted under the old planning regime whereby it offers purely PBSA. Future schemes must incorporate a mix of residential use
• Ten minutes’ walk from Edinburgh Napier University and the city centre
• Edinburgh is also home to the University of Edinburgh, Heriot-Watt University and Queen Margaret University
• Around 31,800 (64%) of full time students in Edinburgh are unable to access PBSA
• Heritable interest
• Practical Completion scheduled for Summer 2020
• The development will be built to BREEAM outstanding standard
• Summer income from Edinburgh Fringe visitors
• Projected Gross Income of £2,199,892
• Projected Net Operating Income of £1,509,351
• Our client is seeking offers on a forward funding or forward commitment basis