Property Information
Address:
27 Friar Lane, Leicester, Leicestershire
, LE1 5RB
, Leicestershire
, United Kingdom
Price: Buy: POA
Size: 4456 sq ft414 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH676480
Property Ref/Agent: 8253
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 20, 2024
Property description
The property comprises an attractive three storey period building of brick construction beneath a pitched slate roof. The front elevation at ground level comprises a timber individual access entrance door together with single glazed sash windows whilst the upper floors comprise single glazed sash windows also. Internally, the property has been configured to provide a high quality House in Multiple Occupation (HMO) and comprises 16 bed spaces, 10 of which are en-suite and 6 that share a bathroom between a pair whilst there are two dining kitchens, laundry rooms and communal living spaces in the basement.
The property has been decorated to a high standard and comprises a hi-tech inset audio speaker system for each bedroom which can be connected via bluetooth for each individual tenant. There is also a smart central heating system that can be managed and diagnosed remotely if there are any issues, and features sensors for each room to accommodate each tenant's routine.
Current Rental Income: £128,240 per annum
Producing a Gross Yield of 9.16%
Desirable city centre location close to both of Leicester's universities and the railway station
Freehold Price: £1.4M
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