Student Accommodation 57-57A New Dover Rd 42 Unit Shared Accommodation £3,450,000 (£82,143/Unit) 7.60% Net Initial Yield Canterbury CT1 3DP

Location and Situation: 57/57a New Dover Road is situated 0.5 miles from the city centre on the east side of the road. New Dover Road comprises a mix of residential and student accommodation together with educational facilities, alongside accommodation associated with Worthgate School. The nearby Worthgate School campus provides the main teaching facility of the school and comprises of laboratory space, central canteen, classrooms as well as staff room, library and administrative office space. Description: Archbishop's consists of student accommodation; part heritage building and part new-build extension in 2019. These two parts being 57 and 57a Archbishop's. 57 is arranged over the lower ground, ground, first and second floor and extends to 6,103 sq ft. 57a is arranged over the lower ground, upper ground and first floor and extends to 3,030 sq ft. Tenancy: Let on assignment to Cambridge Arts & Sciences Limited with Cambridge Education Group Limited acting as guarantor, for a term of 15 years expiring 31st August 2033. The current rent is £262,082 per annum, which is reviewed annually on 1st September based on the RPI index, with a collar and cap of 2%-5%. The latest increase was based on the index released in June. The lease is drawn on an internal repairing and insuring basis. Tenure: This property is held on two freehold titles.