Sun House, Salford, M6 6WZ
Key Features
- Current Gross Annual Rent £251,076
- Continually let to students for 13+ Years
- Freehold Block comprising x34 En-suite Rooms
- Predominantly let to Students
- Full Planning Permission in Place
Full property description
StudentHive are delighted to present for sale this Freehold block comprising x34 En-suite Rooms located in Salford, Manchester almost entirely let to students forming 6 cluster apartments. The accommodation is spread across 2 blocks (Sun House Block A and Block B) and is set over x4 Floors (excluding the basement), all under one title.
Being offered at a sale price of £2,650,0000, the current gross rent is in the region of £251,076 per annum, and is set to increase to £266,976 (bills included) over the coming term.
The current rent (£251,076) is based on 33/34 rooms being rented, one with room currently being in between tenancies. Once fully let, the rent will be £258,156 per annum until the rent increases set in, taking it up to £266,976.
All studio apartments, whether single or double, each contain an en-suite. On each floor (besides the 4th), there is a shared kitchen and lounge area, meaning there are 6 Kitchen/lounges in total (3 in each Block). The basement is predominately used as a laundry room. Original planning permission was granted in 2012 - Reference: 12/61648/FUL.
