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PBSA 6 Mill St 23 Unit Dormitory $3,613,156 ($157,094/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.
- The property is arranged over two levels extending to 10,072 sq ft (958.8 sq m).
- Secure off-street parking along with a communal garden included.
- Property is fully tenanted for the 2025/26 student academic year with a combined gross annual income of £221,460 per annum.
- 23 x high quality 1 bedroom student apartments across 2 blocks.
- We are instructed to seek offers at £2,675,000, subject to contract and exclusive of VAT, which reflects a net initial yield of 7.09% based on the average running costs for the property.
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 | $3,613,156 | Building Class | B |
| Price Per Unit | $157,094 | Lot Size | 0.25 AC |
| 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 |
| Property Subtype | Dormitory |
| Price | $3,613,156 |
| Price Per Unit | $157,094 |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| Tenure | Freehold |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Building Class | B |
| Lot Size | 0.25 AC |
| 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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