Summary:
- A 300-bed purpose-built student accommodation (PBSA) asset, ViBE Kingston, comprising 189 ensuites and 111 studios with extensive amenities, has been placed on the market, offering a net initial yield of 5.85%.
- Since acquisition in 2021, ViBE Kingston has maintained an average occupancy of 97% and is currently over 91% let for the 2026/27 academic year, demonstrating strong operational performance in a key London student sub-market.
- The asset includes an additional income stream of £114,500 per annum from a lease to Europcar for 50 basement parking spaces and a ground floor office, and is available for sale via private treaty, including the option to acquire the single-asset SPV through a share sale.
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