Offers for the asset owning LLP or the Fuehold interest in the property are invited on an unconditional basis. All necessary items of due diligence will be made available on request to interested parties, and initial due diligence is provided in the download tab here. 

The asset is held by a ring fenced Special Purpose Vehicle with no previous or secondary interests, and the sale of the LLP vehicle could be attractive to both vendor and purchaser.

The guide price has been set at offers over £6.5million which reflects a yield of only 6.25% in a typical student accommodation valuation model. 

At the option of a purchaser, Ziggurat Student Living (Wellgate) LLP is willing to offer a gross rental guarantee at £485,000 for 2012 and £510,000 for 2013 to be held in an ESCRO.

Alternatively, the purchaser may wish to bring in alternative management or directly manage the asset themselves should they be able to leverage economies of scale on the FM costs.