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Student Accommodation 5-6 Cable St 233 Unit Dormitory $10,126,177 ($43,460/Unit) 7% Cap Rate Lancaster LA1 1HD
INVESTMENT HIGHLIGHTS
- Lancaster University is currently ranked 12th in the Times Good University Guide 2026.
- The property benefits from a high re-booker rate (an average of 39%).
- Prime city centre location, opposite Lancaster bus station providing direct access to Lancaster University in under 20 minutes.
EXECUTIVE SUMMARY
Foundry Studios provides accommodation for 89 students, across two interconnected buildings. There are 6 studios housed in the period Georgian Grade II listed building, fronting Cable Street and 83 studios are housed in the newly constructed four storey building to the rear.
PROPERTY FACTS
| Price | $10,126,177 | Property Subtype | Dormitory |
| Price Per Unit | $43,460 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7% | Lot Size | 0.18 AC |
| Tenure | Freehold | Building Size | 45,267 SF |
| No. Units | 233 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2018 |
| Price | $10,126,177 |
| Price Per Unit | $43,460 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Tenure | Freehold |
| No. Units | 233 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 45,267 SF |
| No. Stories | 5 |
| Year Built | 2018 |
AMENITIES
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 233 | - | - |
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Student Accommodation | 5-6 Cable St
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