For Sale,163A London Road, Leicester LE2 1EG - Amazon Web ...
For Sale Virtual Freehold - Upper Residential
Well positioned student accommodation 163A London Road, Leicester LE2 1EG
• 507.8 Sq M (5,466 Sq Ft) • 7 studios and 10 en-suite bedrooms • Fully let for 2016/17 and 2017/18 with rent increase reflecting a rise in gross yield to 8.84% • Within walking distance of the University of Leicester and Leicester railway station Lambert Smith Hampton Interchange Place, Edmund Street, Birmingham B3 2TA T +44 (0)121 236 2066
163A London Road, Leicester LE2 1EG
Location Leicester is the second largest city within the East Midlands. The property has a main frontage to the A6 London Road and is located within a prime student accommodation area within walking distance of the University of Leicester, Leicester city centre and Leicester railway station. The area also attracts interest from students studying at De Montfort University due to its relative close proximity. Leicester is a strong higher education city boasting two main universities. In The Times “Good University Guide 2015” the University of Leicester is ranked 20th and De Montfort University is ranked 54th, having risen from 86th in 2014. There are 37,475 students, of which 29,295 (78%) are full time. Of these full time students 24,590 (84%) are under graduates and 4,705 (16%) are post graduates. Description The property provides newly developed student accommodation arranged over part ground, first, second and third floors. The development features a communal entrance area at ground floor with a passenger lift and stairs to the upper floors which comprises 7 studio flats, 10 en-suite bedrooms, communal lounge and fitted kitchen. The specification includes UPVC double glazing; automated lighting; fitted wardrobes/desks; ceramic tiled en-suite shower rooms with WC; individual timed heating controls and full furnishing including small double beds in each room. Accommodation Ground Floor: entrance area with passenger lift and stairs First Floor: 7 studio flats each with open plan bedroom/lounge/kitchen and en-suite shower/WC Second Floor: 5 en-suite bedrooms, large communal lounge/fitted kitchen Third Floor: 5 en-suite bedrooms VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate. Legal Costs Each party to be responsible for their own legal costs incurred in any transaction.
Rental Income Fully let for 2016/2017 academic year: Gross rental income £96,960 per annum. Fully let for 2017/18 academic year: Gross rental income £102,960 per annum. Tenancy Schedule attached. Price We are seeking offers in the region of £1,100,000 (One Million, One Hundred Thousand Pounds) which reflects a gross yield of 8.33%, rising to 8.84% in the next academic year assuming purchaser's costs of 5.85%. Tenure Virtual Freehold: 999 year lease at a peppercorn rent. EPC EPC Rating: D88 Viewing and Further Information Viewing strictly by prior appointment with the joint agents: Jessica Pritchard Barkers 0116 270 9394 [email protected]
Ankur Chadha Lambert Smith Hampton 0121 237 2367 [email protected]
163A London Road, Leicester LE2 1EG First Floor Studio Flat
Image Copyright reproduced by Lambert Smith Hampton
Second/Third Floor En-suite bedroom
Image Copyright reproduced by Lambert Smith Hampton
163A London Road, Leicester LE2 1EG Location Map
Image Copyright reproduced by Lambert Smith Hampton © Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
February 2017
163A London Road, Leicester LE2 1EG
Tenancy Schedule Rooms
2016/17 rent per week
2016/17 rent per annum*
2017/2018 rent per week
2017/18 rent per annum*
Apt 1 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 2 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 3 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 4 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 5 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 6, - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 7 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 8, Room 1
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 2
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 3
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 4
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 5
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 6
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 7
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 8
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 9
£95.00
£4,560.00
£120.00
£5,760.00
Apt 8, Room 10
£95.00
£4,560.00
£120.00
£5,760.00
Total
£96,960.00
£102,960.00
* Based on 48 week contracts
Viewing and Further Information Viewing strictly by prior appointment with the joint agents: Barkers Jessica Pritchard 0116 270 9394 [email protected]
Lambert Smith Hampton Ankur Chadha Richard Durkin 0121 237 2367 0121 237 2330 [email protected] [email protected]
Well positioned student accommodation 163A London Road, Leicester LE2 1EG
• 507.8 Sq M (5,466 Sq Ft) • 7 studios and 10 en-suite bedrooms • Fully let for 2016/17 and 2017/18 with rent increase reflecting a rise in gross yield to 8.84% • Within walking distance of the University of Leicester and Leicester railway station Lambert Smith Hampton Interchange Place, Edmund Street, Birmingham B3 2TA T +44 (0)121 236 2066
163A London Road, Leicester LE2 1EG
Location Leicester is the second largest city within the East Midlands. The property has a main frontage to the A6 London Road and is located within a prime student accommodation area within walking distance of the University of Leicester, Leicester city centre and Leicester railway station. The area also attracts interest from students studying at De Montfort University due to its relative close proximity. Leicester is a strong higher education city boasting two main universities. In The Times “Good University Guide 2015” the University of Leicester is ranked 20th and De Montfort University is ranked 54th, having risen from 86th in 2014. There are 37,475 students, of which 29,295 (78%) are full time. Of these full time students 24,590 (84%) are under graduates and 4,705 (16%) are post graduates. Description The property provides newly developed student accommodation arranged over part ground, first, second and third floors. The development features a communal entrance area at ground floor with a passenger lift and stairs to the upper floors which comprises 7 studio flats, 10 en-suite bedrooms, communal lounge and fitted kitchen. The specification includes UPVC double glazing; automated lighting; fitted wardrobes/desks; ceramic tiled en-suite shower rooms with WC; individual timed heating controls and full furnishing including small double beds in each room. Accommodation Ground Floor: entrance area with passenger lift and stairs First Floor: 7 studio flats each with open plan bedroom/lounge/kitchen and en-suite shower/WC Second Floor: 5 en-suite bedrooms, large communal lounge/fitted kitchen Third Floor: 5 en-suite bedrooms VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate. Legal Costs Each party to be responsible for their own legal costs incurred in any transaction.
Rental Income Fully let for 2016/2017 academic year: Gross rental income £96,960 per annum. Fully let for 2017/18 academic year: Gross rental income £102,960 per annum. Tenancy Schedule attached. Price We are seeking offers in the region of £1,100,000 (One Million, One Hundred Thousand Pounds) which reflects a gross yield of 8.33%, rising to 8.84% in the next academic year assuming purchaser's costs of 5.85%. Tenure Virtual Freehold: 999 year lease at a peppercorn rent. EPC EPC Rating: D88 Viewing and Further Information Viewing strictly by prior appointment with the joint agents: Jessica Pritchard Barkers 0116 270 9394 [email protected]
Ankur Chadha Lambert Smith Hampton 0121 237 2367 [email protected]
163A London Road, Leicester LE2 1EG First Floor Studio Flat
Image Copyright reproduced by Lambert Smith Hampton
Second/Third Floor En-suite bedroom
Image Copyright reproduced by Lambert Smith Hampton
163A London Road, Leicester LE2 1EG Location Map
Image Copyright reproduced by Lambert Smith Hampton © Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
February 2017
163A London Road, Leicester LE2 1EG
Tenancy Schedule Rooms
2016/17 rent per week
2016/17 rent per annum*
2017/2018 rent per week
2017/18 rent per annum*
Apt 1 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 2 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 3 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 4 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 5 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 6, - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 7 - Studio
£130.00
£6,240.00
£135.00
£6,480.00
Apt 8, Room 1
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 2
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 3
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 4
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 5
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 6
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 7
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 8
£115.00
£5,520.00
£120.00
£5,760.00
Apt 8, Room 9
£95.00
£4,560.00
£120.00
£5,760.00
Apt 8, Room 10
£95.00
£4,560.00
£120.00
£5,760.00
Total
£96,960.00
£102,960.00
* Based on 48 week contracts
Viewing and Further Information Viewing strictly by prior appointment with the joint agents: Barkers Jessica Pritchard 0116 270 9394 [email protected]
Lambert Smith Hampton Ankur Chadha Richard Durkin 0121 237 2367 0121 237 2330 [email protected] [email protected]
