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Investment, Norwich

Freehold: Offers in the region of £3,500,000
Size: 12,359 SqFt (1,148 SqM)

Call Harry Downing on 01603 216806 or email harry.downing@arnoldskeys.com for more details on this property
Well located high-quality student accommodation near the University of East Anglia (UEA), Norwich Research Park and the Norfolk & Norwich University.

Rochester Court, Edgeworth Road consists of 11 properties, let for 51 weeks of the year. The properties benefit from private off-street parking with security lighting, and fully maintained landscaped gardens.

Gross internal area of 12,359 sq ft (1,148.14 m2).

Gross Income for 2022/23 will be: £270,060

Projected income for 2023/2024: £286,800

Offers in the region of £3,500,000 for the freehold interest based on the current projected annual income profile. This would provide a net initial yield of 6.06%, after allowing for the usual purchaser's costs and reflects a capital value of £283 per sq ft of 12,359 GIA.

This property and Harvard Court are held in an SPV. Purchase of the company can be arranged.
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245+8587

Rochester Court, Edgeworth Road, Norwich, Norfolk, NR5 8AU

Freehold: Offers in the region of £3,500,000
Size: 12,359 SqFt (1,148 SqM)


Arnolds Keys

Harry Downing
01603 216806
harry.downing@arnoldskeys.com


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