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PBSA 6 Mill St 23 Unit Dormitory $3,570,285 ($155,230/Unit) 7.09% Cap Rate Derby DE1 1DY
INVESTMENT HIGHLIGHTS
- Highly prominent multi-let student investment opportunity located within the heart of Derby's student district
- Combined annual gross income of £221,460 per annum
- Convenient access to the University of Derby campuses
- Property is fully tenanted for the 2025/26 student academic year
- Arranged over two levels extending to 10,072 sq ft (958.8 sqm)
EXECUTIVE SUMMARY
This prominent two-storey Victorian property has been sympathetically converted to create 23 high-quality, self-contained one-bedroom apartments, arranged across two blocks and extending to 10,072 sq. ft. (935.8 sq. m).
Fully let for the 2025/26 academic year, the property generates a gross annual income of approximately £221,460, presenting investors with a strong and immediate return.
BB&J Commercial is instructed to seek offers in the region of £2,675,000, reflecting a net initial yield of 7.09%, subject to contract and exclusive of VAT.
Fully let for the 2025/26 academic year, the property generates a gross annual income of approximately £221,460, presenting investors with a strong and immediate return.
BB&J Commercial is instructed to seek offers in the region of £2,675,000, reflecting a net initial yield of 7.09%, subject to contract and exclusive of VAT.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $3,570,285 | Property Subtype | Dormitory |
| Price Per Unit | $155,230 | Building Class | B |
| Sale Type | Investment | Building Size | 10,072 SF |
| Cap Rate | 7.09% | No. Stories | 2 |
| Tenure | Freehold | Year Built | 1970 |
| No. Units | 23 | Tenancy | Single |
| Property Type | Multifamily | Parking Ratio | 0.99/1,000 SF |
| Price | $3,570,285 |
| Price Per Unit | $155,230 |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| Tenure | Freehold |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Class | B |
| Building Size | 10,072 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 0.99/1,000 SF |
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PBSA | 6 Mill St
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