Linden Hill Capital has appointed Knight Frank to market Westcombe House, a purpose-built student accommodation scheme located in Greenwich, SE10, for offers more than £19m.
The three-storey development comprises 61 studio rooms along with amenities a gym, gaming room, cinema, lounge, outdoor terrace and private dining room.
The scheme is situated on Tunnel Avenue close to the University of Greenwich and Ravensbourne University.
Mike O’Sullivan, partner in the student agency team at Knight Frank, said: “With ESG high on investors agenda, Westcombe House offers a rare opportunity to purchase a property with strong credentials.
“Incoming buyers are well placed to benefit from London’s continuing undersupply, with 69% of full-time students still unable to access purpose-built accommodation. At a net initial yield of 5.24% it also offers good value in what is the UK’s prime student market.”
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