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Student Accommodation 5-7 Gibbon Ln 91 Unit Dormitory $3,404,250 ($37,409/Unit) Plymouth PL4 8BS
Investment Highlights
- Purpose built student block producing £181,447 gross pa.
- Former pub which has been closed for a number of years and could form part of a new PBSA scheme (STPP)
- Derelict house which has an extant planning consent for the construction of PBSA containing 12 studios
Executive Summary
The freehold of the properties are available for £3,100,000 subject to the grant of planning permission for a 71 studio PBSA scheme. If planning permission is obtained for more studios, then the price will increase by £27,000 per studio, an overage will apply.
Property Facts
| Price | $3,404,250 | Property Type | Multifamily |
| Price Per Unit | $37,409 | Property Subtype | Dormitory |
| Sale Type | Investment | Building Size | 3,572 SF |
| Tenure | Freehold | No. Stories | 1 |
| No. Units | 91 | Year Built | 1990 |
| Price | $3,404,250 |
| Price Per Unit | $37,409 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 91 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Size | 3,572 SF |
| No. Stories | 1 |
| Year Built | 1990 |
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Student Accommodation | 5-7 Gibbon Ln
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