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Primus Place

Leicester, United Kingdom

Investment Type: STUDENT

Est. Completion: AVAILABLE

Unit 13

£75,000.00

  • Tenanted studio available for just £75,000
  • Generating a 7.5% NET yeild
  • Less than 5 mins walk to university
  • Already tenanted for 2022-23 academic year
  • Tenanted at £157 per week until Sep 22
Purchase Process

Investment Highlights

  • Tenanted studio available from just £75,000
  • Generating a NET yield of 7.5%
  • Tenanted at £157 per week for 51 weeks
  • Less than 5 mins walk to university campus
  • Already tenanted for 2022-23 academic year
  • Laundry room and communal lounges
  • Travel to both major universities in 15 minute or under
  • 125-year leasehold

Financials 

  • Flat 13 - 1st Floor - 210 sqft - £75,000
  • Tenanted until Sep 22 (51 weeks) at £157 per week
  • Gross rental - £8,007 per annum
  • Service charge - £1,516 per annum
  • Management fee - 4% (inc VAT) per annum
  • Ground rent - £283 per annum
  • NET rental - £5,888 per annum
  • NET Yield - 7.5%

Primus Place - Overview

Pure Investor are delighted to present studio 13 at Primus Place, Leicester.

One of Leicester's newest student accommodation is already a firm favourite with students at both DMU and University of Leicester. Located just on the corner of the DMU campus and near Leicester Royal Infirmary makes it the perfect location for both universities and easy access to the city centre. The studio apartment is bright and airy thanks to the floor to ceiling windows and with all apartments having double beds, flatscreen TVs and WIFI.

About The Area

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. Reserve your unit with a signed reservation form
  2. Provide certified ID, proof of address and proof of funds to Pure Investor
  3. Pay a £2,000 non-refundable reservation fee
  4. Instruct solicitor
  5. Remaining balance due on completion

 

Video - Primus Place

Development Availability

PropertySizeBedroomsPriceEnquire
Unit 13210 sqft-£75,000.00Enquire

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Looking to Sell

Looking to sell your tenanted buy to let property?

Are you considering selling your property with sitting tenants?

Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

  • Specialists in selling tenanted properties in the UK.
  • Database of over 30,000 experienced property investors, actively seeking tenanted properties to add to their portfolio.
  • Experienced in working with tenants and lettings agents to ensure smooth transition and good communication throughout.
  • Generate rental income right up to completion of sale and avoid expensive void periods during sales and legal process.

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Contact Pure Investor today for a Free Consultation and Valuation for your tenanted property for sale.

Call today on: +44 (0) 161 337 3890

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