Freehold Property to buy in Exeter

Key points

• Opportunity to acquire the freehold interest in an attractive, fully stabilised PBSA asset in Exeter.
• 120 beds split across a single block (116 En-suites & 4 Studios).
• Excellent micro-location providing access to town centre amenities and close proximity to both university campuses.
• 100% booked for 2025/26 academic year.
• Affordable price point, within the local PBSA market, with an average blended rent of £193 per week.
• Forecast NOI of £777,809 for 2025/26 AY (Including Commercial Income).
• Montagu Evans are instructed to seek offers in excess of £12,000,000 (Twelve Million Pounds).
• A purchase at this level reflects an attractive Net Initial Yield of 6.0% and a capital value of c. £97k per bed (assuming full purchaser's costs of 6.71%).