Summary:
- Cleveland Studios, a newly completed PBSA development in Wolverhampton city centre, is on the market for offers around £4.5 million. The freehold building includes 63 studio rooms and a 6,652 sq ft commercial unit, offering an estimated gross rental value of £528,000 per annum and an 11% reversionary yield.
- The property is strategically located within a ten-minute walk of the University of Wolverhampton City Campus, which has over 30,000 students and has experienced 20% growth since 2019/20. The university ranks No. 1 in the West Midlands and in the UK Top 10 in the 2026 Whatuni Student Choice Awards.
- The surrounding area benefits from significant infrastructure investment, including a £150 million upgrade to Wolverhampton Interchange and the upcoming 12-acre Smithgate regeneration project, which will deliver 1,000 new homes and public realm improvements near Market Square.
Original article:
