Block of Apartments
A rare opportunity to purchase a substantial, purpose built apartment block in a popular and convenient location.
The block offers a total of 32 self-contained, apartments arranged over 7 floors and associated car parking. Total site area of just over 0.28 acres.
10 x One bedroom apartments.
22 x Studio apartments.
The apartments do require some modernisation but would make a great investment. When let the building would generate a rental income of around £143,000 per annum. A potential, genuine return of between 10-15%
There is also the opportunity to sell the apartments off individually. We estimate the combined value of the flats once renovated to be in the region of £1.8million.
The block is well served by local amenities including the impressive Beaumont Leys shopping Centre, leisure centre and numerous schools.
Further amenities can be found in Leicester City Centre which is only two miles away and buses run every ten minutes. Leicester City offers two universities, two large shopping centres and a vast number of bars and restaurants.
The train station is 3 miles away and the motorway network including the M1 and M69 are only minutes away. Nottingham, Derby, Birmingham and two major airports are within 50 minutes drive.
Freehold. Vacant possession upon completion.
