20 bedroom detached house for saleRegent Road, Leicester, LE1 6YD
Sold STC £995,000
- Five Mews Of 20 Beds
- Fantastic Return - 8.5%
- Pre Let For 2016-17
- High Standard
- Sought After Location
- Fully Furnished
- Scope To Extend
A TWO-STOREY DETACHED PROPERTY WITH 5 MEWS OF 20 BEDS AT A NET PROFIT OF 8.5% with appropriate lounge, kitchen and bathroom/shower facilities the properties are sold fully furnished and with tenants in situ providing a gross return of around 95,040 and a net 86,400 after costs. Each flat is independently heated. Access is via a courtyard with a security gate on the Regent Road frontage. Situated on Regent Road close to its junction with Welford Road just to the south of Leicester City Centre, the property is conveniently located for both De Montfort and Leicester Universities and Leicester Royal Infirmary. Welford Road is a major traffic route with good public transport facilities. There is planning potential to achieve another floor to create 8-10 extra beds and the projected rents for 2017-2018 are sitting at £109 per person per week with a £9 fuel allowance meaning the gross rent will increase to £105,640.
Flat 1 First Floor :- 4 Bedrooms, 2 Bathrooms 69.7 sq m 750 sq ft
Flat 3 Grand Floor :- 3 Bedrooms, 1 Bathroom 55.3 sq m 595 sq ft
Ground & First Floor :- 4 Bedrooms, 2 Bathrooms 52.1 sq m 561 sq ft
Ground & First Floor :- 3 Bedrooms, 1 Bathroom 47.7 sq m 514 sq ft
Ground & First Floor :- 6 Bedrooms, 2 Bathroom 85.3 sq m 918 sq ft
Total Net Internal Floor Area 310.1 sq m 3,338 sq ft
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