Commercial · For sale
Crossways House & Wilberforce Court, Epsom – University Leased Student Accommodation Portfolio
East Street & Heathcote Road, Epsom, Surrey, KT18 5BX
£13,000,000
- Bedrooms
- 169
- Tenure
- Not specified
- Added
- 30 Oct 2026
About this property
Investment for sale: two purpose-built student accommodation (PBSA) assets in Epsom town centre, let to the University for the Creative Arts (UCA) — 169 bedrooms producing about £1.20m per annum.
Crossways House, 39 East Street, Epsom KT18 5BX: 99 en-suite bedrooms let to UCA to August 2041 (mutual break August 2031), about £704,000 pa including commercial income, asking £8.0m. Crossways is held in a clean SPV and a share sale is available; its asking price is about 22% below a recent £10.20m bank investment valuation.
Wilberforce Court, Heathcote Road, Epsom KT18 5DX: 70 bedrooms on UCA's Epsom campus let to September 2035 (tenant break September 2030), £484,900 pa, asking £5.0m.
Both leases have annual RPI-linked reviews with collars and caps. Combined asking price £13.0m, a proposed gross yield of about 9.23% and combined indicative NIY of 7.74% (7.82% following a new commercial letting), at entry values of about £267-£313 psf against residential values of £500-£600 psf locally. A nearby comparable, Bradford House (99 beds, also let to UCA), sold for £16.5m.
Epsom is inside the M25, about 13.5 miles south-west of central London, with trains to London Waterloo in about 36 minutes. Available together or individually, subject to contract.
Enquiries via hello@propsale.co.uk.
Features
- 169 bedrooms let to UCA
- c. £1.20m p.a. income
- Proposed gross yield c. 9.23%
- Annual RPI-linked reviews
- SPV share sale available (Crossways)
- Available together or separately