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Murieston Crescent, Edinburgh, EH11 2LN

For Sale

  • Tenure

    For Sale
  • Type

    Investment - Student
  • Price

    Offers in Excess Of £22,900,000
  • Size

    0 Sq Ft
  • Ref No

    13335

Property Highlights

  • Prime student accommodation asset
  • 100% occupied in its first year of opening
  • 120 rooms arranged over six storeys
  • Offers in excess of £22,900,000

Overview

Murieston Crescent is a best in class PBSA asset delivered for the 2022 academic year

Comprising 120 bedrooms arranged as en-suite clusters and studios, with a high specification finish throughout

Benefits from attractive modern student amenities with a range of both indoor and outdoor hub spaces including a private dining room, study area, communal lounge and an exclusive landscaped courtyard

100% occupied in its first year of opening

Located in one of the city's PBSA hubs and is extremely accessible to the rest of the city and numerous universities via the tram route, buses and local footpath and cycle ways

The immediate area boasts a generous mix of amenities including Murieston Park, which the property overlooks, and numerous bars and cafes along Gorgie Road

Edinburgh has four higher education institutions that have all experienced significant growth in full-time student numbers over the past five years

69% of students in Edinburgh are unable to access PBSA

We are seeking offers in excess of £22,900,000 (Twenty Two Million Nine Hundred Thousand Pounds). This reflects a £190,833 per bed and an attractive 5.54% net initial yield. 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.