Investment Property
For Sale
  • Student
  • Lucas Studios

    291 Corporation Street, Birmingham, West Midlands B4 7DP United Kingdom
    Investment Property
    For Sale
  • Student
  • Lucas Studios

    291 Corporation Street, Birmingham, West Midlands B4 7DP United Kingdom
    Construction Status
    Operational
    Energy Rating
    B-C
    Construction Status
    Operational
    Energy Rating
    B-C

    OVERVIEW

    • Prime PBSA in Birmingham City Centre overlooking Aston University campus. • 62 studio beds, constructed in 2015 by Watkin Jones Group, achieving BREEAM Very Good. • Large rooms averaging 24.2 sqm with an excellent letting history. • Positioned at the entrance to what has become the largest student community in the city, with over 32,000 full time students located at Aston University (4-minute walk) and Birmingham City University’s main campus (10-minute walk). • 100% occupancy with strong let up for 2025/26. • Low rental tone relative to competing schemes and an opportunity to drive income through refurbishment. • Birmingham is the UKs second largest student market, over 83,500 full time students at five universities and a PBSA demand pool of 59,080. • Institutional technical safety standards: - Passive fire protection works completed. - Fully sprinklered - HRB registered and Building Safety Act compliant. - External Wall system Independently tested by Building Research Establishment (BRE) - EWS1 – B1 • The property is held on a long leasehold basis for 125 years from April 2013.

    Details

    Sale Price:
    £5,900,000 GBP
    Price Per Unit:
    £95,000.00 / GBP
    Construction Status:
    Operational
    Energy Rating:
    B-C
    Lucas Studios

    AVAILABILITIES

    LOCATION

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