Cranbrook Court 186 Cranbrook Av 20 Unit Shared Accommodation £4,000,000 (£200,000/Unit) Hull HU6 7TU

Cranbrook Court presents an opportunity to acquire a freehold purpose-built student accommodation asset positioned directly adjacent to the University of Hull. Constructed in 1994, the property comprises 78 bed spaces arranged across a series of self-contained student houses and flats with secure car parking. Its location places residents within immediate walking distance of the university’s teaching facilities, library, sports amenities, student union and wider campus environment, creating a highly accessible living option for the institution’s student population.
The current rent schedule generates a gross annual income of £362,430, equating to approximately £4,646 per available bed per annum. Annual operating costs are stated at £110,055, producing a current net operating income of £252,375 per annum. The offering is available freehold with offers invited in excess of £4,000,000, reflecting a capital value of approximately £51,282 per bed space. The combination of established student accommodation, campus-side positioning and proximity to university facilities provides investors with an opportunity to enhance performance through occupancy improvements, rental growth initiatives and operational efficiencies.