Empiric Student Property has announced that it has acquired the freehold of Ayton House, a 241 bed, student accommodation property in St Andrews for £26.0m (excluding costs). Ayton House is Empiric’s first acquisition in St Andrews and was newly completed for the 2015/16 academic year. The property, which is located in a prominent position in the town centre, is within a 10 minute walk of the university and comprises a mixture of studios and 4 and 5-bed en-suite apartments. The property has been acquired with a first year rental guarantee from the vendor, Threesixty Developments (formerly Knightsbridge Student Housing).
Empiric acquires Ayton House in St Andrews : ESP