99 Borron St - Dormitory FOR SALE


Glasgow, GLG G4 9XF
$71,780,000 USD
141-673-0391
99 Borron St, Glasgow, GLG for Sale
$71,780,000 USD
Dormitory - FOR SALE
1/3
null | 6% Cap Rate

99 Borron St
Glasgow, GLG G4 9XF


HIGHLIGHTS

  • Opportunity to forward fund a large scale PBSA development in a chronically under supplied market
  • Rents pitched at an affordable and sustainable level, 20%+ discount to prime city centre
  • Comprising 454 beds: 197 studios and 257 cluster ensuites
  • Exceptional green credentials, including 'BREEAM Very Good' and 'EPC A' ratings
  • Unique campus-style living experience, unlike any other scheme in the city
  • Unrivalled amenity space provision. Total amenity space per bed = 9 sq m

OVERVIEW

Seeking offers on a traditional forward funding structure in excess of £71,780,000 exclusive of VAT. A purchase at this level would represent a Net Initial Yield of 6.00% and based on NOI projections would have strong reversionary potential. Consideration will also be given to a site sale. The consented scheme will provide a new purpose built student residence development comprising 424 new student beds, while prioritising the quality of both internal and external amenity spaces (9 sq m per bed space). The design will foster a sense of community, promote well-being, and provide various opportunities for social interaction and relaxation. Given the campus style living approach, this will allow for a diverse student population and will consider their needs for privacy, study, and recreation. The project will deliver a vibrant, inclusive, comfortable, and sustainable living environment for students.

FOR SALE DETAILS

PRICE

$71,780,000 USD

PRICE/SF

$718 USD /SF

# OF UNITS

454

PRICE/UNIT

$158,106

CAP RATE

6%

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PBSA

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David FraserRydenMore Info
141-673-0391

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David FraserRydenMore Info
141-673-0391

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.