The Coal Yard, Mansfield Street, York, Yorkshire, YO31 7AJ
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- SIZE
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- SECTOR
Residential development for sale
Key features
- Newly built across two seperate blocks, 189 beds.
- York is under-supplied for PBSA. 57% of students without access to PBSA.
- Rents have grown by 21% since 2001.
- Comprises 88% clusters and 12% studios.
- Provides a Gross Operating Income of £1,918,933. Low average rent of £190/en-suite/week. Reversionary potentail vs comparable schemes £225 +/week.
- The Net Operating Income for academic year 2024/25, after deducting opex is £1,558,629pa
- ESG credentials: EPC rating of A & B and solar panels on the roof
- Freehold
Description
Purpose-built student accommodation comprising 189 beds, within nine minutes of York St John University and c. 20 minutes bus of the University of York.
5 year nomination agreement with York St John.
York is a significantly under-supplied market for PBSA with a short-term development pipeline of less than 10% of operational stock, leading to more than 57% of students without access to PBSA beds.
Newly built across two seperate blocks, 189 beds.
York is under-supplied for PBSA. 57% of students without access to PBSA.
Rents have grown by 21% since 2001.
Comprises 88% clusters and 12% studios.
Provides a Gross Operating Income of £1,918,933. Low average rent of £190/en-suite/week. Reversionary potentail vs comparable schemes £225 +/week.
The Net Operating Income for academic year 2024/25, after deducting opex is £1,558,629pa
ESG credentials: EPC rating of A & B and solar panels on the roof
Freehold
The Coal Yard, Mansfield Street, York, Yorkshire, YO31 7AJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- York Station0.9 miles
- Poppleton Station3.3 miles
Notes
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