Dorman House
Student Accommodation
£5,495,000
Key Features
Features
Fully let for the 2024/2025 academic year.
Projected total net income £365,235
The 55 studio apartments were completed in September 2022
Private cinema, study pods and a stunning residents lounge
Transport
Dorman House is a short walk from Teesside University
Middlesbrough Train Station is located around a 10-15 minute walk
Local bus services provide links to various parts of Middlesbrough and the wider Teesside area, including Stockton, Redcar, and Thornaby.
Property Description
Freehold purpose-built student accommodation perfectly designed for students and young professionals.
The 55 studio apartments were completed in September 2022 and fully equipped with state-of-the-art kitchens and beautiful en-suite shower rooms. It has been 100% occupied since opened.
The freehold development is complete with a private cinema, study pods and a stunning residents lounge. Dorman House is a short walk from Teesside University, offering easy access to lecture halls, libraries, and other university facilities.
Fully let for the 2024/2025 academic year.
Atha Developments No.3 Ltd
Gross Income: £509,799.08
Net Income: £365,235.79
Sales Value based on 9.2% yield: £5,495,000
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