COLCHESTER CITY

COLCHESTER CITY

COLCHESTER CITY

COLCHESTER CITY

COLCHESTER CITY

WATCH THIS CITY SPOTLIGHT VIDEO TO EXPLORE THE LOCATION & ASSET

Hythe Mills offers a modern PBSA scheme in the heart of Colchester, providing walking access to the University of Essex in c.15 minutes.
Colchester is within a 45-minute train to Central London, appealing to students who want to be in close proximity to London’s unlimited offerings.

The property provides 229 students bed spaces, split between en suite clusters (58%) and self contained studios (42%).

Hythe Mills provides a substantial amenity offering, including extensive lounge, study and social space, games rooms, an indoor gym, and on-site car parking.
Robust performance since opening, with 100% occupancy during the 2022/23 academic year and on track to achieve 100% occupancy for the 2023/24 academic year.

Student growth at the University of Essex has exceeded 33% since 2014 and currently stands at 18,110. The University of Essex’s strategic plan commits to increasing its student population to a total of 20,000+ by 2025.

More than 50% of the full-time student population of Colchester is currently unable to access PBSA – with the vast majority of schemes being first generation non-ensuite.

MARKET
COMMENTARY

Enrolments to the University of Essex have grown by more than 33% since 2014 and the number of applications has increased at the same rate.

As part of the University of Essex’s strategic plan, the university is committed to increasing its student population by a third, to a total of 20,000+.

Over 50% of the full-time student population of Colchester are unable to access PBSA.

THE               KEY               STUDENT                DEMOGRAPHICS

18,110

Full Time Students

12,205

Domestic Students

5,905

International Students

THE               KEY               STUDENT                DEMOGRAPHICS

Proximity to Universities
‍Hythe Mills is situated in close proximity to distinguished educational institutions. The University of Essex Colchester campus can be conveniently reached within a 12-minute walk or a six-minute cycle, offering access to a quality higher education institution. Additionally, Colchester Institute, situated north of the town centre, is a 14-minute cycle away.

The University of Essex is on a steep growth trajectory. As part of the strategic plan, the University aims to have over 20,000 students by 2025.

Food & Beverage
Colchester features popular restaurants, including The Green Room, Turtle Bay, Bellapis Steak House and Memsaab Colchester, with each offering diverse and enriching food and beverage options. ATIK, The Silk Road Lounge and Three Wise Monkeys similarly provide students with elevated nightlife options in Colchester town centre. 

Retail and Supermarkets
Hythe Mills is surrounded by local convenience stores, with multiple independent supermarkets and shops surrounding the property, including a large Chinese supermarket offering thousands of food and beverage products. This ensures that Hythe Mills continues to attract a strong Chinese cohort. A large Tesco Superstore is located just 6 minutes’ walk north of Hythe Mills. 

Leisure and Entertainment
A 10-minute cycle from Hythe Mills, Colchester town centre presents students with a wealth of cultural, leisure and entertainment opportunities. The Firstsite Art Gallery provides a contemporary art space showcasing thought-provoking exhibits, whilst Colchester Arts Centre and Mercury Theatre put on captivating theatre performances. 

Wider Connectivity: Gateway to London
‍Colchester is renowned as a commuter town providing strong connectivity to central London. Hythe Mills enjoys being served by three mainline stations, all conveniently accessed within ten-minutes. Colchester Station stands at the forefront, providing daily services to London in 45 minutes, whilst offering connectivity to Brighton, Birmingham and other major UK cities.

HYTHE STATION

1
MINUTE
1
MINUTE
1
MINUTE
4
MINUTES

UNIVERSITY OF ESSEX

COLCHESTER
INSTITUTE

COLCHESTER
STATION

4
MINUTES
12
MINUTES
12
MINUTES
2
MINUTES
8
MINUTES
8
MINUTES
8
MINUTES
30
MINUTES
18
MINUTES
12
MINUTES
40
MINUTES
40
MINUTES

PROPERTY

DESCRIPTION

SOCIAL
SPACES

STUDY
SPACES

INDOOR
GYM

CINEMA
ROOM

ROOF
TERRACE

GAMES
AREA

ON-SITE
LAUNDRY

PRIVATE
DINING ROOM

AC IN
EVERY ROOM

TV IN
EVERY ROOM

Hythe Mills opened for the 2019/20 academic year and contains a total of 229 student beds arranged over seven storeys, comprising 132 en suite cluster beds and 97 studios.

The property provides an attractive level of amenities, including extensive lounge, study, gaming and social space, indoor gym, and on-site car parking. Room sizes in the property range between 12-17 sqm for en suite cluster flats and 17-32 sq m for studio flats.

Future Generation’s unique partnership with Samsung means that all student bedrooms are fully equipped with Samsung air conditioning, flat screen TV’s and state-of-the-art kitchenette equipment. 

WHAT STUDENTS SAY ABOUT OUR PORTFOLIO

WHAT STUDENTS SAY ABOUT OUR PORTFOLIO

→ ACCOMMODATION SCHEDULE
→ AREA SCHEDULE

PROJECTED OCCUPANCY → 100%

GROSS OPERATING
INCOME

→ £2,327,595

OPERATIONAL
EXPENDITURE

→ £669,199

NET OPERATING
INCOME

→ £1,661,396

RENTAL
COMPARABLES

SCHEME
ENSO
OPERATOR
CRM
SCHEME
MAGDALEN STREET
OPERATOR
HOST
ROOM TYPE
RENTS
WEEKLY TERM
8 BED CLASSIC EN SUITE
£175
51
6 BED CLASSIC EN SUITE
£175
51
5 BED CLASSIC EN SUITE
£175
51
8 BED CLASSIC PLUS EN SUITE
£180-190
44-51
6 BED CLASSIC PLUS EN SUITE
£180-190
44-51
5 BED CLASSIC PLUS EN SUITE
£185-190
44-51
8 BED PREMIUM PLUS EN SUITE
£190-200
44-51
CLASSIC STUDIO
£225
51
PREMIUM STUDIO
£235-245
51
DELUXE STUDIO
£240-250
51
ROOM TYPE
RENTS
WEEKLY TERM
BRONZE ENSUITE
£160
44-51
SILVER ENSUITE
£153-158
44-51
SILVER PLUS ENSUITE
£154-159
44-51
GOLD ENSUITE
£155-160
44-51
GOLD PLUS ENSUITE
£156-161
44-51
PLATINUM ENSUITE
£157-162
44-51
PLATINUM PLUS ENSUITE
£158-163
44-51
DELUXE ENSUITE
£160-165
44-51
DELUXE PLUS ENSUITE
£161-166
44-51
STUDIO GOLD
£220
51
STUDIO PLATINUM
£230
51
STUDIO PLATINUM PLUS
£240
51

OTHER FUTURE
GENERATION SCHEMES

THE VANTAGE
NOTTINGHAM
The Vantage opened for the 2021/22 academic year and contains a total of 485 student beds arranged over 12 storeys, comprising 423 en suite cluster beds and 62 studios.
STEEL CITY
SHEFFIELD
Steel City was delivered for the 2019/20 academic year and is situated in a lively Central part of the city, optimising the student lifestyle experience.
LUXURIO
LOUGHBOROUGH
Luxurio was delivered for the 2021/22 academic year and contains a total of 458 student beds comprising 316 ensuite cluster beds, 75 townhouse rooms, 33 studio rooms and 34 one-three bed apartments.
GUILDEN VILLAGE
GUILDFORD
Guilden Village opened for the 2021/22 academic year and contains a total of 533 student beds arranged over five storeys, comprising 442 en suite cluster beds and 91 studios.