32 bedroom flat to buy

York Road, City Centre, Leicester
Asking Price

£1,800,000

Description

Fantastic student investment opportunity located within a five minute walk of De Montfort University and Leicester City Centre. Converted in 2011 and 2015 respectively, Maple and Campbell house consist of 32 ensuite bedrooms across 9 self contained, fully furnished apartments, with a current return of £135,600 per annum with a potential of up to £203,040 per annum. Situated within Leicester City Centre the apartments provide excellent access to both DMU and UOL as well as the Leicester Train Station and the wealth of amenities the City has to offer. To the front of the property is a car park as well as a bike store and bin store. EPC’s range from C – D.

  • Convenient location, 0.1 miles from De Montfort University and 1.1 miles from the University of Leicester
  • Nine en-suite student flats, four in Campbell House, 5 in Maple House
  • Tenanted on individual AST's generating £135,600.00 (for 2019- 2020 academic year)
  • Realistic potential to add value to generate £203,040.00 per annum
  • Small carpark to the front that can generate further income
  • Guide price £1,800,000
Full Property Details

Maple & Campbell House

Converted in 2011 Maple and Campbell house consists of 32 ensuite bedrooms span across 9 self contained fully furnished apartments with a current return of £135,600 per annum with a potential of up to £203,040 per annum. All bedrooms benefit from en-suite shower rooms and are currently fully furnished with a minimum of double beds, wardrobes, desks and chairs and several rooms have additional chests of drawers or shelving units. The furniture is included in the sale.
The communal areas in each flat consist of an access hallway and an open plan living kitchen. Within the living area each flat is furnished with two sofas, a coffee table and a flat screen TV. The kitchens come with white goods provided, including washer/ dryers, fridge freezers, integrated ovens, hobs and extractor hoods as well as microwaves, kettles, toasters and vacuum cleaners.

Externally there is a small carpark that can accommodate 4 or 5 vehicles, a covered bike store and a wooden bin store area.

The property is sold as a freehold investment.

Location

Leicester is the UK’s eighth largest city with a population of more than 500,000.
Leicester is located 30 miles south of Nottingham, 25 miles north east of Coventry and 40 miles west of Peterborough. Birmingham city centre is also 40 miles to the west.
The city benefits from excellent road networks, being located within 4 miles of the M1/ M69 motorway junction. The M6 motorway is accessed via the M69, just 20 miles to the south west of the city and provides access to the greater midland’s region. Leicester train station lies just 0.6 miles and a 10-minute walk away from the development.
The city is home to 2 popular universities, De Montfort University, which was ranked 65th in the UK in the Times Higher Education University Rankings for 2020, with a student population of 19,093 and The University of Leicester, ranked 24th in the UK in the Times Higher Education University Rankings for 2020, with a student population of 18,650. This combined student population of almost 38,000 students ensures a steady supply of student tenants looking for accommodation in the city.
Maple and Campbell House are located less than half a mile outside the city centre with a wealth of shops, bars and restaurants, 6 theatres including the award-winning Curve and Leicester market, which is Europe’s largest outdoor covered market.

Accommodation

Maple House was previously an office block and was converted in to student accommodation in 2011. The accommodation within the block consists of:
Ground Floor = 1 x 4 bed shared apartment
First Floor = 1 x 5 bed shared apartment
Second Floor = 1 x 5 bed shared apartment
Third Floor = 1 x 1 bed apartment and 1 x 2 bed apartment
Campbell House was previously an office block and was converted in to student accommodation in 2015. The accommodation in the block consists of:
Ground Floor = 1 x 3 bed shared apartment
First Floor = 1 x 4 bed shared apartment
Second Floor = 1 x 4 bed shared apartment
Third Floor = 1 x 4 bed shared apartment (with restricted head height in all bedrooms)

EPC

EPC’s range from C to D.

Viewings

Viewings are to be strictly by appointment only with Fothergill Wyatt. Alternatively, further details can be found on the website, you can register with us at www.fothergillwyatt.com and viewings can be booked directly by calling 0116 270 5900.

Bidding Process

Sale by formal tender. Full details available from Fothergill Wyatt.

Map View

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