For Sale

Leicester – Newly developed student accommodation providing 70 studios in a prime location

The Bank, Flats 1-70, 2c Evington Road, Leicester, LE2 1HT

Offers in excess of £7,750,000

Property Types:
Residential, Student
Sub Type:
Student Accommodation
Tenure:
Freehold

Description

Investment Considerations

  • Prime student investment in Leicester
  • New accommodation for Academic Year 2019/20
  • Comprising 70 self-contained high specification studios
  • Part conversion and part new build retaining character of a former high street bank
  • Conveniently located adjacent to The University of Leicester
  • Gross Rent Reserved: £644,538 (2019/20 Academic Year)
  • Upfront rental payment structure
  • Limited supply of studio accommodation in Leicester

We are instructed to invite offers in excess of £7,750,000 reflecting a gross yield of 8.3%

Subject to contract