filters

Listings Type
Size Refine Property Size Set a minimum and maximum property size

Carters Yard, 12 Dumbarton Road East, Stirling, Scotland, FK8 2FB

For Sale

  • Tenure

    For Sale
  • Type

    Investment - Student
  • Price

    Offers in Excess Of £17,625,000
  • Size

    0 Sq Ft
  • Ref No

    13336

Property Highlights

  • Prime student accommodation asset
  • Comprises 159 bedrooms arranged as en-suites, studios and apartments
  • University of Stirling is 2 miles north of the property
  • Offers in excess of £17,625,000

Overview

Carters Yard is a modern PBSA scheme finished to a high specification and providing generous amenity space including a lounge and study area, common room, gym, cinema room and private external area.

Comprises 159 bedrooms arranged as en-suites, studios and apartments.

Carters Yard has displayed a strong occupational track record since completion in 2021.

25 beds nominated on a rolling one-year agreement to the University of Stirling for the 2023/24 academic year.

Situated in Stirling city centre within immediate proximity to numerous leading retail and leisure facilities.

The University of Stirling is 2 miles north of the subject property and can be easily accessed via a direct bus (c. 13 minute bus journey) from a nearby bus stop (0.2 miles).

76% of students unable to access PBSA - 4.14 student to bed ratio.

Zero beds currently under construction across the city and only 106 beds with planning consent.

We are seeking offers in excess of £17,625,000 (Seventeen Million Six Hundred and Twenty Five Thousand Pounds). This reflects a 6.25% net initial yield and an attractive £110,849 per bed. For the avoidance of doubt, Knight Frank and Ryden would like to confirm that our client is not obliged to accept the highest or indeed any offer.