Hundreds of student flats in Brighton have gone on the market for a cool £67 million.
The 450 apartments at 5 Circus Street are spread across four blocks, with rent starting at £239 each week, and a large amount of retail space available.
And while the flats are currently fully let and the scheme overall staying with Kaplan as student accommodation until 2040, owners Scape Living has put the complex up for sale.
“Brighton has one of the highest student rations of all university towns and cities across the UK,” said Merelina Sykes from sales agency Knight Frank.
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“It means schemes like this one offer an excellent opportunity for investors, and we expect to strong interest following the launch.”
The complex comprises 81 studio flats, 366 en suite rooms and three one-bedroom flats, and was completed just three years ago. The build cost £70 million.
Current owners Scape are backed by Dutch investment group APG.
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