Malago Yard, Bristol - Student for sale in Bristol

Malago Yard will deliver 484 ensuite/non ensuite cluster and studio beds neighbouring the Watkin Jones’ flagship Metal Works development, a 819 bed University leased PBSA scheme which opened in September 2024.. The development will be delivered to BREEAM Excellent, EPC B and Wiredscore Silver ratings.. The development will comprise three buildings arranged around high quality public realm, a pocket park and the River Malago.. The scheme will be part-leased to the University (188 cluster beds) and part direct let (190 cluster beds and 106 studios).. The University of Bristol will take a 15 year lease on Block B, incorporating annual CPI index linked reviews (cap and collar of 1.00%-4.00% per annum). Block B rents will be £175 (non ensuite) & £247.50 (ensuite) per week based from 2028 based upon 42 week tenancies.. We have benchmarked the direct let rents for ensuites at £270 per week and studio rents at £360 per week, based upon rates for the 2024/25 academic year. The direct let rents have been grown at 3.0% per annum, where Fresh anticipate ensuite rents to be £304 per week and studio rents £405 per week as at 2028/29. In comparison to the direct let market, this reflects a 28% discount for ensuite and 17% discount for studios. OVERVIEW Outstanding Prime PBSA Funding Opportunity in Central Bristol As a global commercial real estate services leader with 52,000 professionals worldwide, we will never settle for the world that’s been built, but relentlessly drive it forward for our clients, colleagues and communities.