Shropshire firm expands portfolio with investment opportunity in north Wales

A Shropshire company has been handed the instruction to sell a student let investment for £2.25million.

Halls Commercial, based in Shrewsbury, has moved into national markets to sell an investment of four houses near to Bangor University in north Wales.

The instruction, in College Road, is a rare opportunity and includes 31 bedrooms, with further asset management potential.

James Evans, of Halls, said this was a big step forward for Halls Commercial.

“We are delighted to be able to offer this instruction, it is a good example of the direction that Halls is heading in,” he said.

“We are looking to expand our portfolio across national markets and recognise that student accomodation is a growing sector.

“We have spent many years building up our knowledge base and team of experts in commercial property sales, lettings, valuations and lease advisory work across Shropshire and Worcestershire - and we are still dedicated to these areas.

“But to be asked to market properties and commercial buildings on a national scale means we can now push forward and put our comprehensive knowledge of our markets to wider use.”

The four terraced houses on offer in Bangor are prominently located in the sought after ‘golden mile’ that serves the university and has off road parking at the rear.

The asking price of £2,250,000 reflects an initial yield of 6.5%, after stamp duty and acquisition costs of 1.5%.

With 31 bedrooms included, the opportunity exists to create more bedrooms by converting spaces such as the ground floor common sitting rooms, the roof void within the properties and the potential development of further residential accommodation at the rear of the property.

The premises are well presented and have undergone maintenance works to a high standard.

Mr Evans added: “We are looking forward to finding the right person for this property.

“It is a great opportunity for someone looking to take on a property with a guaranteed let.

“We will ensure we continue to work to the highest of standard to achieve the best result for our client whatever their requirements and showcase Halls’ forward-thinking approach on a national scale.”

Offers are invited. For more information about the site or to make an offer contact James Evans on 01743 450700 or email [email protected].