Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- Fully managed and hands free student property
- Tenanted at £177.00 per week for 51 weeks
- Experienced student management company in place
- Estimated net rental income of £6.074.77 per annum
- Estimated 7.6% net rental yield
Spacious student studio apartment for sale in the hugely popular Primus Edge development in Leicester city centre. This property offers investors the opportunity to purchase a tenanted, hands free student investment which currently generates 7.6% net rental yield per year (£6,074.44 per annum).
Investment Highlights
Tenanted studio available from just £80,000
Generating a NET yield of 7.6%
Tenanted at £177 per week for 51 weeks
Perfectly located
Bike storage and secure door entry
Laundry room and communal lounges
Travel to both major universities in 15 minute or under
250-year leasehold
Primus Edge - Location Overview
Primus Place and Edge Apartments is probably the best located student accommodation in Leicester. It’s a matter of metres from De Montfort University and around 15 minutes’ walk from the University of Leicester. If you’re studying medicine, Leicester Royal Infirmary is also just a minute’s walk away. There’s the practical stuff like supermarkets, cash machines and bus stops just moments from Primus Place and Edge Apartments. And the city’s cosmopolitan night-time scene is also within easy reach.
Leicester is fast becoming the student destination of choice within the UK thanks to its two leading universities, a busy city centre, fantastic green spaces, a thriving live music scene and a great nightlife. Culture and history are to be found in abundance in this great city in the heart of the country. With the universities attracting students from over a hundred nationalities, Leicester is truly a multicultural and diverse city to rival the very best.
Payment Plan
1. Provide certified ID, proof of address and proof of funds to Pure Investor
2. Reserve your unit with a signed reservation form
3. Pay a £2,000 non-refundable reservation fee
4. Instruct solicitor
5. Remaining balance due on completion
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on January 11, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 11, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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