A co-living development in Brixton, London, offering 63 apartments has been put up for sale.
The Brixton Junction scheme, which is operated by Node, comprises a mix of furnished studios and one- and two-bedroom apartments.
The on-site amenity provision includes co-working space, lounge facilities and a private garden for residents. The average stay in the building is 12.3 months, outperforming the UK co-living market where the average stay is nine months.
Jenna Harris, head of co-living at Harris Associates and co-founder of Harris Studios, which has been appointed to market the opportunity, said: “Brixton is the perfect location for people attracted to the unique combination of community, great design and security that co-living offers.
“Residents of Brixton Junction get to enjoy stunning apartments, with great communal areas, an onsite team and the opportunity to connect with other residents at events. They have Brixton on their doorstep, with its extraordinary wealth of restaurants, bars, art galleries and parks just moments away, and central London just a 10-minute tube ride away.
“For investors, Brixton Junction is just as enticing. The building represents a unique opportunity to acquire a fully operational building which is guaranteed to have a high occupancy rate and NOI. A special building deserves a special outreach programme, which is why we’ve launched an industry-first editorial, to showcase to would-be-buyers exactly how unique an investment proposition this property is.”
