Skip links

The Hive, 51a, 51b & 51c Ridley Street, Leicester, LE3 0QL

£1,050,000

Fully Let Student Investment – Current Income £66,240 pa

  • 3 Modern Three Storey Terraced Houses
  • 12 Student Lets
  • Close to De Montfort University
  • Easy Access to Leicester City Centre
  • Current gross rental income £66,240 pa
  • ERV for 2020/2021 Academic Year – £75,000
Details Enquire

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 located some half a mile south of the city’s main retail and leisure areas at the junction of Regent Road and Welford Road, and is in an ideal location for student use.

income

The 12 student lettings currently produce a gross income of £66,240 pa, based on a 48-week letting year. Our estimate of ERV is based on a weekly rate of £130 per room per week for the 2020/2021 academic year inc. a £250/unit energy contribution charge.

These rents have been agreed on lettings for the 2020/2021 academic year.

description

The property comprises three modern three-storey terraced houses providing
12 bedroom student letting accommodation.

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

£1,050,000

Insight
About
Contact