The Collection 5 Multifamily Properties Offered at $114,453,895 in Multiple Locations
EXECUTIVE SUMMARY
Harris Associates are seeking offers in excess of £84 million, representing a net initial yield of 6.37%. The Collection represents a rare opportunity to acquire a high-quality institutional scale portfolio with refurbishment and rental reversion potential.
Included in the portfolio are Exeter One, a 219-bed asset in Exeter, The Union, a 187-bed site in Leamington Spa providing accommodation for students at Warwick University, the 108 bed Goods Corner in Edinburgh, a 146-bed asset called City Heights in Cardiff, and the 135 bed Dover Street in Leicester.
Included in the portfolio are Exeter One, a 219-bed asset in Exeter, The Union, a 187-bed site in Leamington Spa providing accommodation for students at Warwick University, the 108 bed Goods Corner in Edinburgh, a 146-bed asset called City Heights in Cardiff, and the 135 bed Dover Street in Leicester.
PROPERTY FACTS
| Price | $114,453,895 |
| Price / SF | $298.95 / SF |
| Cap Rate | 6.40% |
| Sale Type | Investment |
| Status | Pending |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 382,852 SF |
| Total Land Area | 3.27 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
City Heights
199-209 City Rd, Cardiff CF24 3JD |
Multifamily | 143,698 SF | 2019 | - |
|
The Union
Althorpe St, Leamington Spa CV31 2AU |
Multifamily | 70,920 SF | 2017 | - |
|
Exeter One
Cowley Bridge Rd, Exeter EX4 5FH |
Multifamily | 95,852 SF | 2010 | - |
|
Goods Corner
11 Liberton Rd, Edinburgh EH16 6FU |
Multifamily | 27,687 SF | 2018 | - |
|
Dover Street Apartments
31 Dover St, Leicester LE1 6PW |
Multifamily | 44,695 SF | 2018 | - |
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CONTACT
-
Jamie Harris -
Harris Associates
