UK: Orlando Village, a PBSA scheme in Bolton has been brought to market with a guide price of £20 million+.
Allsop has been appointed to manage the sale of the scheme, which is the only approved University of Bolton accommodation.
The property on Thynne Street has 383 beds across eight blocks and is within a 15-minute walk of the university’s main campus.
The site, managed by McComb Bolton Limited, is expected to generate a gross operating income of £2,732,023 for the 2024/25 academic year, showing a rental growth of 15.5 per cent from the previous academic year.
Anthony Hart, partner at Allsop, said: “With limited PBSA (purpose-built student accommodation) options currently available in Bolton, Orlando Village presents a unique opportunity for investors to tap into a highly dynamic market and capitalise on the high demand for quality student housing in the area. The opportunity offers investors genuine avenues to increase revenue, drive value and enhance an already attractive yield profile.”
The sale comes at a time when the University of Bolton has been ranked 12th in the National Student Survey for satisfaction of teaching quality and recently saw a “surge in applications” with a rise of 19 per cent year-on-year.
The university’s new £40 million Medical Sciences Facility opened at the start of the new academic year.
