Allsop property consultancy is expertly handling the sale of a distinguished student accommodation complex in Bolton, with bids starting from £20 million.
Renowned as Bolton’s exclusive University-approved student housing option, Orlando Village is strategically located and offers 383 bed spaces across eight blocks, showcasing its impressive rental growth potential.
Prime Location and Facilities
Situated prominently on Thynne Street, Orlando Village is ideally positioned within a convenient 15-minute walk of the University of Bolton’s main campus. The location is perfectly suited for students seeking easy access to educational facilities and the town centre.
Notably, the complex is Bolton’s sole University-approved accommodation for the next 15 years, enhancing its appeal and security for potential investors. This exclusivity underscores its importance within the local student housing market.
Strong Financial Performance and Growth
Managed by McComb Bolton, Orlando Village has consistently demonstrated robust financial performance. The site is forecasted to generate a gross operating income of £2,732,023 for the 2024/25 academic year, marking a significant rental growth of 15.5% compared to the previous academic year.
This financial strength is bolstered by the University of Bolton’s rising appeal, which recently experienced a 19% surge in student applications, driven by its extensive range of courses and enhanced academic facilities.
University of Bolton: A Significant Contributor to Demand
Ranked 12th in the National Student Survey for teaching quality satisfaction, the University of Bolton plays a pivotal role in driving demand for quality student housing such as Orlando Village.
The university’s new £40 million Medical Sciences Facility, which opened recently, exemplifies its commitment to elevating educational offerings and attracting more students.
This continuous influx of students amplifies the attractiveness of investing in the student housing market in Bolton, providing a stable rental income and potential for further yield growth.
Investment Opportunities and Market Potential
According to Anthony Hart, Partner in Student Housing at Allsop, the limited availability of purpose-built student accommodation in Bolton positions Orlando Village as a unique opportunity for investors to enter a highly dynamic market.
Investors are presented with genuine avenues to enhance revenue, increase value, and improve yield profiles due to the sustained high demand for quality accommodation.
Proven Management and Operational Expertise
The continued management by McComb Bolton is a testament to the proven operational and managerial expertise available, ensuring the maintenance of high standards in the running of Orlando Village.
Such expertise is critical in preserving tenant satisfaction and financial performance, ensuring the asset remains attractive to both tenants and investors alike.
This track record of effective management is a crucial component when considering long-term investment strategies.
Economic Impact and Community Benefits
The sale of Orlando Village not only represents a significant investment opportunity but also contributes positively to the local economy, driving business for local shops and service providers.
Moreover, it fosters a vibrant student community in Bolton, which has positive knock-on effects for community engagement and development, benefiting the wider locality.
The presence of diverse student accommodation enhances cultural diversity and dynamic city life.
Conclusion
Orlando Village stands as a premium investment prospect, with its strategic location, strong financial outlook, and exclusive University-approval status distinguishing it as a highly attractive asset for investors.
For stakeholders looking to capitalise on the thriving student accommodation sector, Orlando Village encapsulates numerous advantages that promise sustained growth and success.
In conclusion, Orlando Village not only offers substantial financial returns but also plays a critical role in addressing the growing demand for quality student housing in Bolton.
Investors and the local community alike stand to benefit from the strategic and well-managed opportunities that this distinguished property presents.