Nottingham student flats sold for £3.25m
A student property portfolio in Nottingham has been bought by a unnamed London investor in a deal worth £3.25m.
The nine multiple occupancy properties are in Lenton and the Arboretum. They will accommodate more than 50 students and generate £264,731 per annum in rental income, with a yield of 8.1%.
Michael Sahota, from MS Estates, which brokered the deal, said: “We were approached by the seller of the properties directly. I think that he was a little surprised to learn what the market was like and what he could achieve.
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