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 £8,000,000

Property Type:
Student
Tenure:
Freehold

Description

Investment Considerations

  • Prime student investment in Leicester
  • Currently under construction due for completion for the 2019/2020 Academic Year
  • Comprising 70 self-contained, high specification studios
  • Part conversion and part new build retaining character of a former high street bank
  • Conveniently located five minutes walk from the main University of Leicester campus
  • Total projected income of £624,444 for the 2019/2020 Academic Year
  • Leicester has a limited supply of studio accommodation

We are instructed to invite offers in excess of £8,000,000 reflecting an anticipated gross yield of 7.8%

Subject to contract