Terms & conditions | Privacy statement | Disclaimer | Code of practice | Contact Us | About Us

of Old Street underground station.

• Recently constructed purpose built student hall of residence designed to

a high specication, comprising 220 student bed spaces together with

two retail units (combined total 465.3 m- (5,009 ft-)) plus separate o ce

accommodation block of 1,334 m- (14,359 ft-).

• The student accommodation is directly let and managed by Corporate

Residential Management Limited (CRM).

• Larger retail unit subject to Agreement to Lease with Tesco Stores Limited

for 15 years at an initial rental of £72,740 per annum.

• Student accommodation is a resilient asset class in the current economic

climate.

• Potential gross income of £3,100,000 per annum once fully stabilised.

• Offers are sought in the region of £38,000,000 (Thirty Eight Million Pounds) subject to contract.

• Prominent location within only 5 minutes walking distance of Old Street underground station (Northern Line).

• Regular bus links are available from the East Road entrance to the building.

CATCHMENT AREA

• There are 11 London universities within a 15 minute journey time of Old Street Underground Station.

The main university area at Russell Square is a 10 minute tube ride from Old Street station.

• There are 74,985 full time students within this 15 minute travel time, of which only 15% are able to obtain university accommodation.

Tenure  -  Freehold  - Tenancies

Full details of the occupational agreements at the property can be found in the Data Room.

We provide a brief summary below:

• Management Contract made between HIVE Students Limited and CRM.

• The student accommodation is let to individual students on Assured Shorthold Tenancies.

• Agreement for Lease with Tesco Stores Limited for the A1 Retail Accommodation for a term of 15 years at an initial rental of £72,740 per annum (subject to final measurement).

Please Contact PL2L for more info on: