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The Bloomsbury, 35 Braunstone Gate, Leicester, LE3 5LH

£2.5m

Fully Let Student Investment – Current Income £170,000 pa

  • 5 Student flats with 24 letting bedrooms
  • 4 Studios
  • 1 Retail/Leisure Unit
  • Very close to De Montfort University
  • Easy access to Leicester City Centre
  • Current gross rental income £170,000 pa
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location

Leicester has a resident population of some 330,000 and, more importantly for student housing investors, it is a thriving university city with two renowned campuses close to the city centre.

The property is within a 5-minute walk of the main De Montfort University campus there is also easy access to the City’s retail core, the railway and bus stations and main road networks.

income

The 24 student rooms currently produce a gross income of £150,000 pa, based on a 48-week letting year. This equates to £130 per room per week for the 2020/2021 academic year.

The GF retail unit currently produces £20,000 pa.

description

The property was converted to student use in 2019 and provides a mix of accommodation.

There are 24 beds over nine flats with retail accommodation occupying the ground floor.

covid-19

The University have announced that they will re-open as usual on Monday 5th October for the 2020/21 Academic Year. Read Update

proposal

£2.5m

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