Marketplace
For SaleOperationalValue Add

Nottingham Castle Gate

Private Operator
Asking Price
£15,300,000
Gross Yield
6.5%
Total Units
180
Nearest University
0.5 km
Nottingham Trent University
Nottingham Castle Gate - 180-unit Value Add in Nottingham

Overview

Well-established PBSA scheme in Nottingham city centre, close to both University of Nottingham and Nottingham Trent University. Proven track record with strong occupancy and excellent facilities.

Investment Highlights

  • Strong rental income with established tenancies
  • Diversified income across multiple units
  • Prime location with good transport links

Key Considerations

  • Some refurbishment work required
  • Management responsibilities
  • Compliance requirements

PBSA Scheme Details

Property Details

Build Year2018
Year of Last Refurbishment2018
Number of FloorsN/A
Building HeightN/A
Construction TypeN/A
Building Class/GradeN/A
Total Site AreaN/A
Total Lettable Area153,000 sq ft (est.)
TenureLeasehold (999 years)

Building Features

GymStudy RoomsCommon Areas24/7 SecurityWiFiLaundryBike StorageGames Room

ESG Rating

Environmental

N/A

EPC Rating: N/A
Carbon Footprint: N/A

Social

N/A

Accessibility: N/A

Governance

N/A

Compliance: N/A

Certifications & Ratings

N/A

Management

No operator information available

Ownership

Ownership Type

N/A

Ownership Structure

N/A

Financial Performance

Financial Performance Metrics

Key financial indicators and performance data

MetricCurrent ValueMarket BenchmarkPerformanceStatus
Monthly Rent£82,875£382,500-£300KBelow
Gross Yield6.5%6.5%+0.0%Above
Net Yield5.6%5.9%-0.3%Below
Rent per Sq Ft (Annual)£6.50£30.00-£23.50Below
Operating Costs£139,230£642,600-£503KBelow
ROI (5-year)6.1%7.0%-0.9%Below
Gross Annual Income£994,500£4,590,000-£3,595,500Below
Net Annual Income£855,270£3,947,400-£3,092,130Below

Transaction History

Sales Transactions

Historical sales and transactions for this property

DateSale PriceArticleNotes
No transaction history recorded yet.

Market Analysis

Rental Comparison by Bedroom Count

Our property vs local market averages

Bedroom CountOur PropertyMarket AverageDifferencePerformance
1 Bedroom£300£1,350-£1050Below
2 Bedroom£450£2,125-£1675Below
3 Bedroom£750£3,450-£2700Below
4+ Bedroom£1,150£5,200-£4050Below

Market Summary

Overall PerformanceAbove Market
Market Yield Range5.5-7.5%
Occupancy Rate94%
Rental Growth (5yr)+2.1% p.a.

Unit Breakdown

1A650
2
1
£1,750Occupied
1B720
2
2
£1,900Occupied
2A580
1
1
£1,400Occupied
2B680
2
1
£1,800Notice Given
3A750
3
2
£2,300Occupied
3B620
2
1
£1,650Vacant

Block Analysis

Unit TypeCount% of TotalAvg Size (sq ft)
1-Bed Units117%580
2-Bed Units467%668
3+ Bed Units117%750

Block Features

Block-level features that apply to the entire building

FeatureStatus/DetailsNotes
Build Year1985Purpose-built block
Construction TypeConcrete FrameSolid construction
Heating SystemGas Central HeatingIndividual boilers per unit
WindowsDouble GlazedUPVC frames, 2018 replacement
Roof TypeFlat RoofLast replaced 2020
Wall InsulationPartialCavity wall insulation added 2019

Scheme Images

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Location

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Nottingham, East Midlands· NG1 7EL

Nearby Universities

UniversityCityDistanceTravelStudents
Nottingham Trent UniversityNottingham0.5 km~6 min walk33k
University of NottinghamNottingham3.1 km~37 min walk35k
Loughborough UniversityLoughborough21.6 km~32 min drive19k
University of DerbyDerby21.6 km~32 min drive20k
De Montfort UniversityLeicester36.2 km~54 min drive27k

Frequently Asked Questions

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