2 Boston St - Apartments FOR SALE


Nottingham, NTT NG1 1BG
$10,950,000 USD
2 Boston St, Nottingham, NTT for Sale
$10,950,000 USD
Apartments - FOR SALE
1/10
null | 6.3% Cap Rate

2 Boston St
Nottingham, NTT NG1 1BG


HIGHLIGHTS

  • Located within the Sneiton Market area of Nottingham city centre
  • 10 minute walk to Nottingham Trent University
  • The asset consists of 139 bedrooms
  • Asset management opportunity

OVERVIEW

Mansion Place is a 139 unit student accommodation investment opportunity, located in the Sneiton Market area of Nottingham city centre, within a 10 minute walk to Nottingham Trent University. 100% let for the current 2024/25 academic year at affordable rents. Seeking offers in excess of £10,950,000 reflecting a Net Initial Yield of 6.30%, after assuming purchasers costs of 6.80%. This reflects an attractive capital value of £78,750 per bed.

FOR SALE DETAILS

PRICE

$10,950,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

139

PRICE/UNIT

$78,777

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mansion Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,553 SF

ZONING

-

APN/PARCEL ID

NT517625,NT568088,NT570047

ASK ABOUT THIS PROPERTY

Anthony HartAllsopMore Info

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