Student Accommodation 12 New Dover Rd 37 Unit Dormitory $3,997,175 ($108,032/Unit) Canterbury CT1 3AP

Location and Situation: 12 New Dover Road is situated approximately 0.4 miles from the city and is on the west side of the road and is adjacent to the New Dover Road Surgery. New Dover Road comprises a mix of residential and student accommodation together with educational facilities, with this accommodation associated with Worthgate School campus. The nearby Worthgate School campus provides the main teaching facility of the school and comprises of laboratory space, classrooms as well as staff room, library and administrative office space. Description: Ersham Lodge was previously used as an B&B Guesthouse and has undergone a comprehensive redevelopment to provide modern student accommodation. The property is arranged over the ground, first and second floors and extends to an approximate total of 8,966 sq ft. Tenancy: Let on assignment to Cambridge Arts & Sciences Limited with Cambridge Education Group Limited acting as guarantor, for a term of 15 years expiring 27th February 2034. The current rent is £223,266 per annum, which is reviewed annually on the 28th February, based on the RPI index, with a collar and cap of 2%-5%. The lease is drawn on an internal and insuring basis. Tenure: This property is held on one freehold title.