Excellent and rare investment opportunity
Planning for a brand-new block of student accommodation
52 en-suite rooms in central Loughborough
Walking distance of the town centre and university
Easy access to the train station
Yearly return in the region of £400,000 per annum
Should give returns in the order of 10% per annum
Planning Application Number P/20/1404/2
General Description
The Site
The site is a former public house, and the substantial and generally well-built original property remains. The building could be fashioned for several uses should the purchaser either wish to rent in the short term prior to executing the planning or have alternative uses for the site. Alternatively, the seller can demolish and clear the entire site for the eventual purchaser upon request and as part of the guide price, leaving a full suite of services in situ and rendering the site ‘build ready’.
We estimate a yearly return in the region of £400,000 per annum; when paired against site and build costs this exciting investment should give returns in the order of 10% per annum.
Location
Loughborough has a thriving centre thanks in large part to the excellent university options and courses. Students are becoming increasingly selective with modern en-suite accommodation preferred over traditional ‘multiple occupancy’ housing.
The university is also seeing exciting expansion, and so we and the local council believe that this scheme will help to fill a gap in the market and is extremely viable for the eventual owner. The block has been engineered for ease of construction and allows for communal green space gardens and a modern visual impact on the street scene.
Planning
Important Information
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