05/10/2023
FANTASTIC OPPORTUNITY
CENTRAL BRISTOL
PBSA DEVELOPMENT
JV FINANCE OR OFF PLAN PURCHASE AGREEMENT
Large Local Developer of PBSA Accommodation in the South West is offering this Off open Market and on a confidential basis
Proposed Development: Demolition of existing building, construction of 131 bed PBSA comprising 123 clusters with en-suite, 8 studios.
Income:
£1,672,878 - Yearly Rental Income (projected 2026 / 27 academic year)*
£15,000 - additional estimated income derived from laundry
£10,000 - Other vending machines / concessions
* This figure has been arrived at by C J Hole (managing agents) considering 2023/ 24 achievable rental income and applying a year on year increase of 7%.
Expenditure:
OPEX £264,966*
* this figure is based on estimated running costs using Cheswick Campus (50 student bed PBSA located near UWE) as a guide (breakdown available upon request).
PLEASE DM IF INTERESTED FOR ADDITIONAL INFORMATION