£4,950,000 /Sale price

Modern Freehold PBSA Block in One Of Nottingham’s Best Student Area 8.12% Yield 41 Fully Self-Contained StudiosDojo House, Ilkeston Road, Nottingham, NG7 3FXPurpose-Built Student Block – 41 Studio ApartmentsGuide Price: £4,950,000 Gross Yield: 8.12% Income: £402,000 (2024–25 projected) OverviewAn outstanding investment opportunity to acquire Dojo House, a modern, high-spec Purpose-Built Student Accommodation (PBSA) scheme consisting of 41 fully self-contained studio apartments, located in one of Nottingham's most desirable student areas – Lenton.Ideally situated for both University of Nottingham (Jubilee Campus) and Nottingham Trent University, the development is part let with great demand for the upcoming academic year.The property is positioned on Ilkeston Road, with strong transport links, a thriving independent food scene, and proximity to key university campuses – making it a top-tier choice for students seeking quality and convenience.Key Investment HighlightsFreehold building comprising 41 studiosModern interiors and high-spec finish throughout, recently refurbished throughout. Projected income 2024–25: £402,000Gross yield: 8.12% Mixture of studio types incl. Luxury, Large Scenic, and Sky View StudiosOn-site gym, high-end communal lounge and secure accessTenants benefit from all-inclusive rents on 50-week ASTs (post light refurb)Energy-efficient building with solar panelsMinimal capex anticipated post-completionAccommodation MixEach of the 41 apartments features:Private en-suite shower roomFully fitted contemporary kitchenStudy and living areaModern furniture and finishesStudio types include:Luxury StudiosLarge Scenic StudiosStandard StudiosSky View Studios1 x Large SuiteThe property also includes a communal gym, bright reception area, and bike storage, enhancing tenant satisfaction and retention.Location – Lenton, NottinghamDojo House is situated in the heart of Lenton, a highly popular and well-established student area in Nottingham.5-minute walk to University of Nottingham Jubilee CampusQuick tram/bus links to Nottingham Trent University and city centreSurrounded by popular shops, takeaways, bars and independent cafesExcellent rental demand and year-round occupancy potentialNottingham continues to be one of the UK's strongest university cities, with a combined student population of nearly 48,000, rising yearly. Student rental values have increased by 15.5% between 2021–2024, reinforcing the area's long-term income strength.These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.