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Student Accommodation 5-6 Cable St 233 Unit Shared Accommodation £7,600,000 (£32,618/Unit) 7% Net Initial Yield Lancaster LA1 1HD
INVESTMENT HIGHLIGHTS
- Lancaster University is currently ranked 12th in the Times Good University Guide 2026.
- The property benefits from a high re-booker rate (an average of 39%).
- Prime city centre location, opposite Lancaster bus station providing direct access to Lancaster University in under 20 minutes.
EXECUTIVE SUMMARY
Foundry Studios provides accommodation for 89 students, across two interconnected buildings. There are 6 studios housed in the period Georgian Grade II listed building, fronting Cable Street and 83 studios are housed in the newly constructed four storey building to the rear.
PROPERTY FACTS
| Price | £7,600,000 | Property Subtype | Shared Accommodation |
| Price Per Unit | £32,618 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Costar Property Class | B |
| Yield | 7% | Total Plot Size | 0.18 ac |
| Tenure | Freehold | Property Size | 45,267 sq ft |
| No. Units | 233 | No. Floors | 5 |
| Property Type | Build-to-Rent | Year Built | 2018 |
| Price | £7,600,000 |
| Price Per Unit | £32,618 |
| Sale Type | Investment |
| Yield | 7% |
| Tenure | Freehold |
| No. Units | 233 |
| Property Type | Build-to-Rent |
| Property Subtype | Shared Accommodation |
| Apartment Style | Mid-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.18 ac |
| Property Size | 45,267 sq ft |
| No. Floors | 5 |
| Year Built | 2018 |
AMENITIES
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 233 | - | - |
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Student Accommodation | 5-6 Cable St
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