Student accommodation developer Unite has put another non-core asset up for sale at the same time as withdrawing one from the market.
Unite has instructed Savills to sell 97-bedroom Culver House, Park Street. Bristol.
The property has potential income of £468,865 for the 2012-13 academic year.
Unite has not given a quoting price, however student housing agents said prices of around £6m minimum were likely to be sought, based on sector values for Bristol.
However the firm has withdrawn its 276-bed Nelson Drake and Trafalgar House scheme, also in Bristol, from the market.
Lee McLean, director of asset management, Unite, said: “Bristol is a thriving student city with strong demand for accommodation. Although we were considering the sale of Nelson Drake Trafalgar, we have since withdrawn this prime city centre property from the market and through investment expect to realise significant uplift as part of our plans for the city.”
joanna.bourke@estatesgazette.com
