Leicester Student Portfolio

75 Regent Road & 26-30 St James Road
Leicester

Freehold student investment portfolio comprising 61 bed spaces across two buildings

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Investment Considerations

  • Freehold
  • 61 bed spaces across two buildings:
    • 75 Regent Road - 30 bed spaces (6 x studios; 24 x ensuite rooms)
    • 26-30 St James Road - 31 bed spaces (1 x one bed apartment; 10 x studios; 20 x ensuite rooms)
  • Fully let for the Academic Year 2018/2019
  • Total Current Gross Rent Reserved: £422,643.20
  • 53 of the 61 rooms are already let or reserved for 2019/2020 Academic Year
  • Total Anticipated Gross Rent Reserved for 2019/2020 Academic Year: £462,414.89
  • Gross Initial Yield (off anticipated 2019/2020 rent): 8.40%
  • Refurbishment works completed in 2017
  • All rooms fully furnished benefitting from single / double bed, wardrobes, desk & chair and private bathroom. Studios and apartments benefit from cooking facilities
  • Offers in excess of £5,500,000 are invited for both properties subject to all existing tenancies and contract. Individual offers for each property will also be considered:
    • 75 Regent Road - Offers in excess of £2,650,000
    • 26-30 St James Road - Offers in excess of £2,850,000