214 Iffley Road, Oxford

Description

A parade of student accommodation blocks located within 10 minutes’ walk of Central Oxford, and benefiting from large gardens and off-street parking.  Acquired in August 2013..

Business Plan

The holding was acquired in two tranches over a period of 12 months, during which time planning permission was secured to convert the properties back into 5 private houses.  The houses were then sold to owner-occupiers.

Exited Investment

Realised Returns

Equity Multiple: 1.63x.
Ungeared IRR: 85.9%.
Hold period: 18 months.

Acquired on behalf of:

Private Client