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Cleveland Studios 2 Cleveland St 63 Unit Apartment Building $8,439,020 CAD ($133,953 CAD/Unit) 11% Cap Rate Wolverhampton WV1 3BF
Investment Highlights
- Modern development completed in November 2025
- Prime City Centre location
- Purpose-built student accommodation scheme
- Walking distance of the University of Wolverhampton
Executive Summary
The property comprises a freehold purpose-built student accommodation block completed in November 2025, providing 63 studio rooms over first, second and third floors, with a commercial unit to the ground floor.
The self-contained studio rooms range from approximately 18 sq.m. to 29 sq.m. with modern internal finishes. The commercial unit is open plan with substantial glazed return frontage onto both Cleveland Street and Victoria Street and provides an approximate gross internal area of 6,652 sq.ft. (618 sq.m.).
Guide price of £4.5m reflecting a reversionary yield of 11% against ERV.
The self-contained studio rooms range from approximately 18 sq.m. to 29 sq.m. with modern internal finishes. The commercial unit is open plan with substantial glazed return frontage onto both Cleveland Street and Victoria Street and provides an approximate gross internal area of 6,652 sq.ft. (618 sq.m.).
Guide price of £4.5m reflecting a reversionary yield of 11% against ERV.
Property Facts
| Price | $8,439,020 CAD | Property Subtype | Apartment |
| Price Per Unit | $133,953 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 11% | Lot Size | 0.13 AC |
| Tenure | Freehold | Building Size | 26,608 SF |
| No. Units | 63 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2025 |
| Price | $8,439,020 CAD |
| Price Per Unit | $133,953 CAD |
| Sale Type | Investment |
| Cap Rate | 11% |
| Tenure | Freehold |
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 26,608 SF |
| No. Stories | 4 |
| Year Built | 2025 |
Amenities
Site Amenities
- 24 Hour Access
- Concierge
- Laundry Facilities
- Wi-Fi
- Bicycle Storage
- Community-Wide WiFi
- Cafe
- Shower Facilities
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Cleveland Studios | 2 Cleveland St
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