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

Investment for sale
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
Done
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