Primus Place, Leicester
£48,000Guide Price
For more information please contact our team:
Apartment 104 is a tenanted and fully-furnished purpose-built student studio located within the popular Primus Place development on Gateway Street. The building continues to attract strong demand from students at De Montfort University and the University of Leicester thanks to its high-quality finish, excellent location, and reliable on‑site management.
This is an ideal hands‑off investment offering secure rental income with a tenant already in place and next academic year’s tenancy also secured.
Rental Income
Total Annual Costs: £4,115.65
Net Annual Income: £4,569.35
Purchase Price: £48,000.00
Net Yield: 9.52% net yield
Immediate income stream with zero void risk for the next academic cycle.
Well above average returns for city‑centre property investments.
High occupancy rates driven by proximity to two major universities.
Professional management with low involvement required from the investor.
Primus Place is consistently one of the most attractive student blocks in the area.
Ideal for investors seeking reliable and predictable rental income.
| Feature | Detail |
| Unit | Apartment 104 – Studio |
| Location | Primus Place, 56 Gateway Street |
| Rental Income | £8,685p.a. |
| Net Income | £4,569.35 p.a. |
| Net Yield | 9.5% |
| Service Charge | £2,747.42 |
| Ground Rent | £300.00 |
| Management Fee | £1,068.23 |
| Lease Remaining | Approx. 238 years |
| Asking Price | £48,000 |
| Tenancy Status | Current academic year secured |
