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High Street, Bangor

PROPERTY TYPE

Apartment

BEDROOMS

60

BATHROOMS

60

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 60x Self-contained Studios
  • £434,502 Total Rent Secured For 24/25 Academic Year
  • 9.6% GROSS Yield
  • Well Established PBSA Block
  • Circa 10,000 Annual Student Intake at Bangor University
  • Rental Guarantee of £300,000 Until August 2025
  • Private Parking
  • High Street Location
  • EPC Available For All Studios Ranging Between a C and E Rating

Description

A well established PBSA block of 60 self-contained studios, offering a total secured gross rental income of £434,502 for the 24/25 academic year. Providing a 9.6% gross yield. For future years, this property has scope for achieving an annual rental income in excess of £530,000.

Each studio comes fully furnished and with its own private kitchen, bathroom and breakfast bar area, with two spacious shared communal areas.

With an average annual student intake of 10,525 students since the 14/15 academic year, Bangor University is a well established (EST 1884), higher education provider, with a consistently high demand for student accommodation.

Located on Bangor high street, in a highly convenient position, only a 10 minute walk from the main university campus and close to several supermarkets, bars, restaurants, cafes and local independent retail stores.

Brochures

High Street, Bangor
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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High Street, Bangor

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About Varcity Living Limited, Bangor

1 College Road, Bangor, Gwynedd, LL57 2AN
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Varcity Living were established in 2005 and have been supplying premium quality accommodation and professional management services since then. With a wealth of experience and an exhaustive knowledge of the investment market in North Wales, the agency has undergone an expansion to include property sales under its list of services. Specialising in investment properties, Varcity Living is a leading local market agent proud of its strong connections with both local and global investors. Get in touch with our sales team today to find out more.

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Disclaimer - Property reference 33468714. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Varcity Living Limited, Bangor. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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