Rare long-income student investment opportunity launched in Worcester by our Commercial Agency Team

Bond Wolfe has been instructed to bring to market Virginia House, a prime student accommodation investment in the heart of Worcester, offering secure long-term income alongside future asset management potential.

The property comprises a modern, purpose-built scheme of 42 high-specification, self-contained student units, extending to approximately 15,332 sq ft, and is being offered with offers in excess of £1,950,000, reflecting a net initial yield of 7.00%.

Strategically positioned just 450 metres from the University of Worcester City Campus and adjacent to The Hive, the scheme benefits from a highly desirable location at the centre of the city’s student and academic hub.

James Mattin, managing director at Bond Wolfe, said:

“Virginia House represents a rare opportunity to acquire a long-income, fully let student accommodation asset in a strong and well-established university city.

“The scheme has been developed to a high standard, offering self-contained units alongside a range of attractive communal amenities, which has supported consistent demand and full occupancy since opening.

“With a secure long lease in place and annual rental growth, the property offers an appealing combination of income security and long-term investment potential.”

The accommodation has been designed to a high standard, providing modern, self-contained student living supported by a range of on-site facilities including a gym, cinema room and communal areas, enhancing the appeal to tenants and supporting ongoing demand.

The property is let in its entirety to Virginia House Limited on a 125-year full repairing and insuring lease, with approximately 119 years unexpired.

The lease produces a current rental income of £145,000 per annum, with annual upward-only rent reviews, providing investors with built-in income growth.

Worcester continues to establish itself as a strong regional university city, with growing student numbers and ongoing investment in education and infrastructure. The property’s proximity to both the University campus and key city centre amenities further strengthens its long-term investment credentials.

James Mattin added:

“Opportunities of this nature combining long, secure income with a prime city centre location are relatively rare in the current market.

“We anticipate strong interest from a wide range of investors, particularly those seeking stable, inflation-linked income in the alternative living sector.”

Further details are available by contacting Bond Wolfe’s commercial agency team on 0121 525 0600 or by emailing jmattin@bondwolfe.com.