Shared Accommodation for sale in Newcastle Upon Tyne, UK

Commercial Property in Newcastle Upon Tyne available for sale

Block of Flats for Sale Near the Newcastle Upon Tyne, UK

The Coyote portfolio

Build-to-Rent for Sale
£71,000,000
297,104 sq ft
4 Build-to-Rent Properties

Portfolio of properties for Sale - Newcastle upon Tyne

The Coyote Portfolio comprises four stabilised freehold and Scottish freehold assets located in Glasgow, Nottingham, Newcastle and Leicester, all of which are Russell Group or multi-university cities. Each property is situated within easy walking distance of its respective city centre and/or major transport interchanges. The portfolio consists of modern residential (Use Class C3) assets developed between 2022 and 2024, extending to a total of 235,973 sq ft (21,922.6 sq m) and comprising 405 high-quality apartments. The assets are exceptionally well managed and maintained, benefiting from a strong and proven trading history. The portfolio offers multiple asset management opportunities and is currently 96% let, generating an aggregate current passing rent of £5,649,594 per annum. The estimated rental value, assuming full occupancy, is approximately £6,131,900 per annum, reflecting £25.99 per sq ft. Offers are invited in excess of £71,000,000 for The Coyote Portfolio, subject to existing tenancies and subject to contract. At the guide price, the portfolio reflects an attractive gross initial yield of 7.96% and a gross reversionary yield of 8.64% based on ERV, equating to a low capital value of £301 per sq ft (NSA). Offers for individual properties will also be considered.