Investing in the Student Sector

Ref: HOLSM/12 - Holloway, London, N7

BRIEF

AT A GLANCE

Out of the current developments we have come across, this is the

Asking Price: 2,600,000

one that we are most excited about - purely due to the excellent

Target Acquisition: 2,100,000

location and the asking price. Furthermore, he building has a

Conversion costs: 1,260,000

beautiful facade and grand porticos that add to the appeal of the

Total Sales: 5,622,750

investment. The building is situated close to the universities and

Project Profit projection: 2,262,750

the nearest underground station is Holloway Road (Piccadilly line),

approximately four minutes walk from the property and a couple of

Tenure: Freehold

minutes away from a number of campuses.

DESCRIPTION

FLOOR SPACE

Available on a freehold basis, the entire site was converted to offices

over 20 years ago. The accommodation is arranged over ground
and three upper floors as indicated to the right. As for sales, we are
very confident in this development selling off to our client base who
have expressed significant interest in the London student pods. We

Floor

sq. ft.

Third Floor

3,902.63

Second Floor

3,990.25

First Floor

3,877.76

foresee two difficulties: Firstly, planning permission in this part of Ground Floor 3,663.46 340.35
London is difficult due to the high land costs and stringent planning Ground Floor Reception
policies. Secondly, we do not anticipate being the only party TOTAL (approx)

3,663.46
400
15,834.10

interested in student accommodation and we expect competition.

LOCATION

IMAGE

For further information, contact:

Wayne Romalho: wayne@astoneaves.com | Tel: +44 (0)20 3603 8903 / Mob: +44 (0)7534 163619
Aston Eaves, their clients and any agents give notice that: They are not authorised to make or give any representations or warranties in relation to the property either
here or elsewhere. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract
and must not be relied upon as statements or representations of fact. Aston Eaves have not tested any services, equipment or facilities. Purchasers must satisfy
themselves by inspection or otherwise. These particulars, together with any images that they contain, are intended only as a guide. They may have been changed
during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the specifications.

aston eaves

JULY 2012

PAGE 1

Fur ther Images - HOLSM/12

Aston Eaves, their clients and any agents give notice that: They are not authorised to make or give any representations or warranties in relation to the property either
here or elsewhere. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract
and must not be relied upon as statements or representations of fact. Aston Eaves have not tested any services, equipment or facilities. Purchasers must satisfy
themselves by inspection or otherwise. These particulars, together with any images that they contain, are intended only as a guide. They may have been changed
during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the specifications.

aston eaves

JULY 2012

PAGE 2

Financial Projections - HOLSM/12

Acquisition and Rentals
Location
Zone on the Tube
List price
Target Price
Square Footage
Target price per sq. ft ()
Number of student studios to build
Buy price per student studio
Fit out or renovation cost per student studio
Average Size of each student studio (sq. ft)
Total outlay including fit out
Rental income per student studio per week
Annual gross income per student studio
Annual net income per student studio
Annual gross income total
Annual net income total
Gross ROI
Net ROI

Exit strategy
Sell on price per studio
Profit per student studio
Revenue Total
Profit Total
Cash-on-Cash return
Return to investor after Aston Eaves share (70/30)
Cash-on-Cash return (after Aston Eaves share)
Confidence of completing sales / 10

Qualitative Study
Value of real estate and land
Planning permission difficulty / 10
Current student accommodation demand
Distance to local university

Details
Holloway, North London
2
2,600,000
2,100,000
15,834
132.63
63
33333
20,000
251
3,360,000
175
8925
7408
562,275
466,688
16.7%
13.9%
Details
89,250
35,917
5,622,750
2,262,750
67%
1,583,925
47%
10
Details
Very high
8
Very high
50 metres

For further information, contact: Wayne Romalho: wayne@astoneaves.com | Tel: +44 (0)20 3603 8903 / Mob: +44 (0)7534 163619
If you would like to speak to us about other student room investment opportunities, then please give us a call on +44 (0)20 3603 8903.
Aston Eaves, their clients and any agents give notice that: They are not authorised to make or give any representations or warranties in relation to the property either
here or elsewhere. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract
and must not be relied upon as statements or representations of fact. Aston Eaves have not tested any services, equipment or facilities. Purchasers must satisfy
themselves by inspection or otherwise. These particulars, together with any images that they contain, are intended only as a guide. They may have been changed
during construction and final finishes could vary. Prospective purchasers should not rely on this information but must get their solicitor to check the specifications.

aston eaves

JULY 2012

PAGE 3