Excellent opportunity to acquire two purpose-built student accommodation
The property comprises purpose built student accommodation of modern construction in excellent condition. Only recently reaching practical completion in 2017 the building has a mixture of timber effect rain screen cladding and white render finishes, under pitched and slated roof coverings. All windows are double glazed and set within aluminium clad timber frames. The unit extends over ground and first floor levels and provides 40-beds (38 x En-suite Cluster Flats & 2 x Studio Apartments) internally each with a bed, bedside table / fitted unit, workstation, study chair, wardrobe, drawers, shelf, mirror and notice board. Each cluster flat benefits from a communal kitchen, lounge and dining room.
Dornoch is a town and seaside resort in the Highlands of Scotland. It lies on the north shore of the Dornoch Firth, near to where it opens into the Moray Firth to the east. The town is within the county of Sutherland and Highland council area. Dornoch’s is located approximately 1.5 miles east of the A9 road, to which it is linked by the A949 and the B9168. The A9 is a major road running from the Falkirk council area in central Scotland to Thurso in the far north, via Stirling, Bridge of Allan, Perth and Inverness. At 273 miles it is the longest road in Scotland and is commonly referred to as ‘the spine of Scotland’. The subject property is located to the south of Dornoch town centre adjacent to The Meadows Business Park and only a short distance west of Royal Dornoch Golf Club.
Lengthy income strip investment offering 34.5 years unexpired term certain. Lease benefits from annual RPI-linked rent reviews with a collar of 0% and cap of 5%.
Tain (4.5 miles)
Fearn (6.5 miles)
Golspie (6.6 miles)