As noted in our earlier factsheet Manager’s Report, Therese House London, is undergoing a full and extensive refurbishment programme. The process includes a full upgrade of all studios and en-suite bathrooms, upgrade of communal areas and a change to some existing room configurations. In addition to the forecast rental uplift on the existing room types that this will create, the refurbishment will also result in a slight additional weighting to higher product types (studios rather than study bedrooms) and generate an additional three bedrooms.
The location of Therese House in London’s “Zone 1”, is superior to local alternatives and the refurbished product, range of offering, price point and room sizes will give it an even greater competitive positioning. The image shown above is a view of the showflat which is already generating considerable interest and occupancy enquiries.
Therese House has been a component in GSA Coral’s UK exposure almost since the fund was launched in 2009 and since that time, has positively contributed to the consistent returns produced. This property’s close proximity to leading, central London institutions such as University College London, Imperial College and the London School of Economics, has been a major benefit that has attracted students both from the UK and abroad.