Sansome Hall, Sansome Hall

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Key Points

Summary

Student / Residential Investment Opportunity, Worcester

Description

A unique opportunity to invest in a purpose-built student accommodation/residential block located centrally within Worcester, close to the university’s City Centre campus and benefiting from good access to the local amenities. There is limited competition offering a similar standard of accommodation in the vicinity and the property offers all en-suite cluster bedrooms. The property abuts the elevated Worcester Foregate Street train station which provide regular mainline services to Birmingham New Street and London. We believe there are significant asset management opportunities for refurbishment and redevelopment (subject to planning) to substantially increase occupancy and income over the short and long term ownership.

Sansome Hall was built in 2008 of modular construction and provides 83 en-suite bed spaces (excluding warden flat) in cluster flats arranged in a single building over part three and part four storey. The property has lift access to all floors. All rooms are en-suite and each cluster flat contains between six and ten bedrooms with an open plan communal kitchen and dining area. Internally, the property provides fully equipped spacious shared kitchens with washing facilities, bedrooms including en-suite shower rooms, a single bed, wardrobe, bookshelves and desk. The property also benefits from a secure bicycle storage area, WiFi internet connection and intercom entry system.

Location

Sansome Hall has a great central location, adjacent to the station and close to the University’s City Campus. Worcester is a city and county town of Worcestershire in the West Midlands region of England. The city is located approximately 17 miles from Birmingham and 23 miles north of Gloucester. Sansome Hall is located on the A38 Sansome Walk on the north eastern edge of the city centre, at its junction with Little Southfield Street, a five-minute walk from the main retail core, which offers numerous local and national retailer and amenities. The property abuts the elevated Worcester Foregate Street train station which provide regular mainline services to Birmingham New Street and London. Sansome Hall is centrally located for students, less than 0.3 miles to the east of the University of Worcester’s City Campus and approximately 1.4 miles from the University’s St Johns Campus.