Douper Hall 18-20 Dawlish Road, Selly Oak, B29 7AE

Purpose Built Student Accommodation with Scope for Additional Development

Property details

Type Investment
Tenure Freehold.
Price Offers Invited £13,995,000
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  • Full detailed brochure available
  • Freehold Purpose Built Student Accommodation investment
  • 129 bed rooms over three blocks
  • Scheme drawn up for an additional 40 bedrooms
  • Current Gross Rent Reserved: £960,425
  • Prime student location in Selly Oak close to Birmingham University, local shops, bars, restaurants and train station
The subject property is located in the Selly Oak area of Birmingham which is a popular location for students at the University of Birmingham. In addition to the University of Birmingham, the city is also home to a number of other universities including Aston University, Birmingham City University, Newman University, and University College Birmingham. This means that there is a healthy student population of around 63,105 students in full time education in the city and purpose built student accommodation in the area is at a premium. Selly Oak lies approximately 4 miles south of Birmingham City Centre with excellent access to public transport. The subject property sits a short walk from Selly Oak railway station with direct links to the City Centre and wider regional conurbation.

Douper Hall is a purpose built development of three blocks of student accommodation arranged over ground, first, second and third floors. The properties comprise a total of 129 bedrooms Arranged as :

• 122 en-suite bedrooms

• 2 new compact living units

• 5 new premium studios

There are communal kitchen and living facilities located within each block along with communal laundry facilities, all refurbished to a high specification. Additionally, there is a main reception area and the external perimeter of the complex is covered by 24-hour security cameras, along with key fob access control to all main doors. Externally, there is a 26 bay car park set back beyond an automatic electronically controlled gated entrance off Dawlish Road. Douper Hall benefits from the potential for additional development for which a scheme has been drawn up for an additional 40 bedrooms (copy plans available).

129 bedrooms over three blocks comprising:
122 en-suite bedrooms
2 new compact living units
5 new premium studios
Offers are invited based on a guide price of £13,995,000 for the freehold interest.
The property lies within the planning jurisdiction of Birmingham City Council and is subject to a planning application (2019/09279/PA) for the development of an additional 40 rooms. Planning enquiries can be made to Birmingham Council planning office on 0121 303 1115.
Total Gross Rent Reserved £960,425 per annum.
All figures quoted are exclusive of VAT, which may be payable at the prevailing rate. It is anticipated that the transaction will be dealt with by way of a TOGC.
Available upon request.
Legal Costs
Each party is to be responsible for their own legal costs incurred in any transaction.
Anti Money Laundering
The Regulations require the agents to undertake and complete customer due diligence on the purchaser as soon as Heads of Terms are agreed and prior to exchange of contracts.