For Sale

Leicester – Freehold student investment portfolio comprising 61 bed spaces across two buildings

75 Regent Road & 26-30 St James Road, Leicester

Offers in excess of £5,800,000

Property Types:
Residential, Student
Tenure:
Freehold

Description

  • Freehold
  • 61 bed spaces across two buildings:
    • 75 Regent Road – 30 bed spaces (6 x studios; 24 x ensuite rooms)
    • 26-30 St James Road – 31 bed spaces (1 x one bed apartment; 10 x studios; 20 x ensuite rooms)
  • Fully let for the Academic Year 2018/2019
  • Total Current Gross Rent Reserverd: £422,643.20
  • 53 of the 61 rooms are already let or reserved for 2019/2020 Academic Year
  • Total Anticipated Gross Rent Reserved for 2019/2020 Academic Year: £462,414.89
  • Gross Initial Yield (off anticipated 2019/2020 rent): 7.97%
  • Refurbishment works completed in 2017
  • All rooms fully furnished benefitting from single / double beds, wardrobes, desk & chair and private bathroom. Studios and apartments benefit from cooking facilities

Individual offers for each property will also be considered:

  • 75 Regent Road – Offers in excess of £2,800,000
  • 26-30 St James Road – Offers in excess of £3,000,000

Subject to contract