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 £5,000,000

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 2019/2020
  • Total Current Gross Rent Reserverd: £472,130
  • 37 of the 61 rooms are already let or reserved for 2020/2021 Academic Year
  • Total Anticipated Gross Rent Reserved for 2020/2021 Academic Year: £463,783
  • Gross Initial Yield (off 2019/2020 rent): 9.40%
  • 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 £2,400,000
  • 26-30 St James Road – Offers in excess of £2,600,000

Subject to contract