Dundee student accommodation building on the market in £1.1m investment opportunity
Specialist business property adviser Christie & Co has been instructed to market Rose House, a recently refurbished student accommodation property in Dundee, in a freehold investment sale.
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Formerly a specialist care home, the eighteenth-century property comprises 20 bedrooms, as well as three multi-purpose living rooms, three kitchens, a gym, a dining room, and laundry facilities.
Located in the city centre, a short distance from Abertay University, the University of Dundee, and High School of Dundee, the property was recently converted for use as student accommodation.
The property is branded and operated as ILM Student Halls, the UK’s first purpose-designed student residence built around halal values, providing an inclusive living environment for students of all faiths. The brand developer is now looking to sell the freehold investment to drive further growth of the brand across the UK.
The business and its residents will be unaffected by the sale, and it will continue to operate in its current form.
The sale of the freehold presents a new opportunity for an investor to acquire a high-quality, versatile accommodation property with an established operation in place.
The owner commented, “ILM has established itself firmly in Dundee with the first facility at Rose House creating great demand in a crowded student accommodation market, with its unique USP. Our vision is now to expand this provision across the UK.”
Gary Witham, Director at Christie & Co, who is managing the sale, said, “ILM Rose House is a high-quality refurbishment project that has proved popular with students seeking a different choice in a crowded accommodation market.”
Rose House is on the market with a guide price of £1,100,000 for the freehold. For more information about this opportunity, visit: https://www.christie.com/5245060/
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