Commercial property Investment for sale
Prime City Centre Student Accommodation & Office Investment | 28-31 St Ebbes Street, Oxford
Investment for sale
£11,000,000 / NIY 5.50%
Property > Commercial > Property Investment for sale in Oxford
Summary
Arguably Oxford city centre’s most prime private purpose-built student accommodation (PBSA) with additional office investment
Exceptional student market, which includes one of the most prestigious and highly ranked universities in the world
50 en-suite bedrooms and c.6,938 sq ft (NIA) of newly refurbished commercial tech office space
Core location adjacent to the Westgate Centre and Pembroke College
Student accommodation let to Bellerbys Educational Services Ltd for a further 17 years (subject to break in 2032) with uncapped, 5 yearly compound RPI uplifts. Sublet to Oxford Tutorial College
Bellerbys is a wholly owned subsidary of Study Group Ltd which has a Dun & Bradstreet rating of 5A1
R&D offices let to Locale Ltd for 10 years to July 2030 with no break
Office rent reflects a very low c.£26.46 per sq ft
WAULT to expiries of c.14.6 year and 11.2 years to break
Current total net income of £560,638 pa
Our client is seeking offers in excess of £11,000,000 (Eleven Million Pounds) for its majority freehold and part long leasehold interest in the property (subject to contract and exclusive of VAT)
A purchase at this level reflects a net initial yield of 5.50% on the R&D office and 4.50% on the student accommodation, based on standard purchaser’s costs of 6.80%. Assuming annual RPI of 2.5% on the student element, this would show an overall reversionary yield of 5.22% in 2022, 5.75% in 2027 and 6.30% in 2032 and an equivalent yield of c.5.32%
Gallery
Done
Transport
Airport
Bus Station/Stop
Tube Station
Train Station
Refine search
Help us find an exact match for your search. Do you mean?