Studio for sale in Leicester LE2, 1 Bedroom

Ideal investment opportunity in the heart of Leicesters student village. Currently producing a gross yield of 12% and already let for 2017/2018 this property would be a great addition to anyone's portfolio.

Tenure: Leasehold

Investment Overview
The property is currently tenanted through Student Facility Management who manage the development.
Rent is £8109.00 per annum (£159 p/w on a 51 week tenancy)
Service charge is £1,804 per annum
Management fee is 3.65% (£355.00 per annum

Representing a Gross Yield of 10% and a Net Yield of 7.4%

This is based on current rental figures and should be verified with your solicitor during the conveyance process.
Leicester Student Property This development is ideally located close to the universities and the student village in the city of Leicester, is the perfect solution for postgraduate students looking for independent living in a student environment.

The complex offers a shared laundry for the apartments within the building. The apartment offers a bedroom, kitchenette with hob, microwave, fridge and sink as well as storage cupboards. There is also a separate shower room and built in wardrobes. There is no parking with the apartment.

About Leicester
Located in the East Midlands, Leicester is the tenth largest city in the UK and provides a cultural, diverse and commercial centre. With the highest population in its region of people aged 19 and under, Leicester has a total student population of over 37,000. The city is home to two world-renowned universities, University of Leicester and De Montfort University. Over 9,800 students in the city are postgraduates.

Numbers are not set to diminish anytime soon: Postgraduate qualifications are becoming more of a necessity in the increasingly competitive jobs market and it is understood that a Masters helps graduates to stand out. Such a qualification is also becoming more of a requirement in many professions. There is, therefore, a need to answer this specific market's demands and provide first class facilities, such as the provision of modern, purpose-built student accommodation. 26% of the city's student population are postgraduates. With very little availability of purpose-built schemes, the demand for quality accommodation is very high, making this development the perfect investment solution.