We are looking for a partner developer to joint venture with on a London student investment. We anticipate a 12 month turnaround once planning permission has been granted with an ROI of over 140%. The exit route is for individual units to be sold as student pods.

1. Investing in the Student Sector
Ref: HOLSM/12 - Holloway, London, N7
BRIEF AT A GLANCE
Out of the current developments we have come across, this is the
one that we are most excited about - purely due to the excellent
location and the asking price. Furthermore, he building has a
beautiful facade and grand porticos that add to the appeal of the
investment. The building is situated close to the universities and
the nearest underground station is Holloway Road (Piccadilly line),
approximately four minutes walk from the property and a couple of
minutes away from a number of campuses.
Asking Price: £2,600,000
Target Acquisition: £2,100,000
Conversion costs: £1,260,000
Total Sales: £5,622,750
Project Profit projection: £2,262,750
Tenure: Freehold
DESCRIPTION FLOOR SPACE
Available on a freehold basis, the entire site was converted to offices
over 20 years ago. The accommodation is arranged over ground
and three upper floors as indicated to the right. As for sales, we are
very confident in this development selling off to our client base who
have expressed significant interest in the London student pods. We
foresee two difficulties: Firstly, planning permission in this part of
London is difficult due to the high land costs and stringent planning
policies. Secondly, we do not anticipate being the only party
interested in student accommodation and we expect competition.
LOCATION IMAGE
For further information, contact:
Wayne Romalho: wayne@astoneaves.com | Tel: +44 (0)20 3603 8903 / Mob: +44 (0)7534 163619
Aston Eaves, their clients and any agents give notice that: They are not authorised to make or give any representations or warranties in relation to the property either
here or elsewhere. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract
and must not be relied upon as statements or representations of fact. Aston Eaves have not tested any services, equipment or facilities. Purchasers must satisfy
themselves by inspection or otherwise. These particulars, together with any images that they contain, are intended only as a guide. They may have been changed
during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the specifications.
Floor sq. ft.
Third Floor 3,902.63
Second Floor 3,990.25
First Floor 3,877.76
Ground Floor 3,663.46 340.35 3,663.46
Ground Floor Reception 400
TOTAL (approx) 15,834.10
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2. Further Images - HOLSM/12
Aston Eaves, their clients and any agents give notice that: They are not authorised to make or give any representations or warranties in relation to the property either
here or elsewhere. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract
and must not be relied upon as statements or representations of fact. Aston Eaves have not tested any services, equipment or facilities. Purchasers must satisfy
themselves by inspection or otherwise. These particulars, together with any images that they contain, are intended only as a guide. They may have been changed
during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the specifications.
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3. Financial Projections - HOLSM/12
Aston Eaves, their clients and any agents give notice that: They are not authorised to make or give any representations or warranties in relation to the property either
here or elsewhere. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract
and must not be relied upon as statements or representations of fact. Aston Eaves have not tested any services, equipment or facilities. Purchasers must satisfy
themselves by inspection or otherwise. These particulars, together with any images that they contain, are intended only as a guide. They may have been changed
during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the specifications.
Acquisition and Rentals Details
Location Holloway, North London
Zone on the Tube 2
List price £2,600,000
Target Price £2,100,000
Square Footage 15,834
Target price per sq. ft (£) 132.63
Number of student studios to build 63
Buy price per student studio 33333
Fit out or renovation cost per student studio 20,000
Average Size of each student studio (sq. ft) 251
Total outlay including fit out £3,360,000
Rental income per student studio per week £175
Annual gross income per student studio £8925
Annual net income per student studio £7408
Annual gross income total £562,275
Annual net income total £466,688
Gross ROI 16.7%
Net ROI 13.9%
Exit strategy Details
Sell on price per studio £89,250
Profit per student studio £35,917
Revenue Total £5,622,750
Profit Total £2,262,750
Cash-on-Cash return 67%
Return to investor after Aston Eaves share (70/30) £1,583,925
Cash-on-Cash return (after Aston Eaves share) 47%
Confidence of completing sales / 10 10
Qualitative Study Details
Value of real estate and land Very high
Planning permission difficulty / 10 8
Current student accommodation demand Very high
Distance to local university 50 metres
For further information, contact: Wayne Romalho: wayne@astoneaves.com | Tel: +44 (0)20 3603 8903 / Mob: +44 (0)7534 163619
If you would like to speak to us about other student room investment opportunities, then please give us a call on +44 (0)20 3603 8903.
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