Lucas Studios
291 Corporation Street, Birmingham, West Midlands B4 7DP United Kingdom
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
AVAILABILITIES