North Highland College UHI Dornoch, IV25 3LS
26580 sq ft Investment
Freehold Property to buy in Dornoch
Excellent opportunity to acquire two purpose-built student accommodation
- Located within the Moray and Highland regions of Scotland – Nairn and Dornoch – the sites offer strong communication links via the nearby A9 and A96 trunk roads.
- Each property provides 40-beds within cluster flats (38-beds) and studios (2-beds).
- Let to the University of the Highlands and Islands on 35 year lease terms, expiring in 2052, with no breaks
- Total current passing rent of £280,028 following August 2018 RPI uplift.
- Both leases benefit from annual rent reviews on a RPI linked basis, subject to a collar of 0% and cap of 5%.
- Attractive running yield profile over the lease term