This property is not currently available. It may be sold or temporarily removed from the market.

Freehold Investment – 17 Brand New Apartments

Asking Price Of £2,550,000

Availability: For Sale
Bedrooms: 34
Bathrooms: 17
Reception Rooms: 2

Property Address

Coleman Road, Leicester, LE5 4AD

Property Features

Two Double Bedroom / One Generous Study
Freehold Investment
Allocated Parking for 17 Spaces
Contemporary Tiled Bathrooms
Built in Kitchens
10 Year Structural Warranty
Estimated Rental of £164,580 Per Annum
Popular Location Close to Local Amenities
Generous Living Kitchens
GIY 6.45%

Property Summary

A freehold investment opportunity comprising of 17 luxury apartments in the renowned New Humberstone, Leicester. Each apartment offers rental values ranging from £795-895 per month with an estimated gross annual rent of £164,580 representing a GIY of 6.45%.

Full Details

Details
The freehold investment property comprises of 17 newly built apartments.

Each apartment is currently vacant due to waiting on build control sign off, but offers the potential for strong rental returns given its location and finish.

Based on two styles of apartment, we anticipate 15 x £795 and 2 x £895 per calendar month providing a gross rental of £164,580 per annum.
Accommodation
Each apartment provides one double bedroom, a generous study (which could be used as a further bedroom), an open plan living dining kitchen and contemporary bathroom. Externally there is an allocated car parking space per apartment with secure gated entrance and exit.

Boasting a 10 year structural defects insurance policy provided by BLP House Warranty for total peace of mind.

Kitchen
- Laminate worksurface with inset stainless steel sink and drainer
- Charcoal handless soft closing drawer and base units in a gloss finish
- Integrated Bosch appliances including:
oven, extractor fan, four ring gas hob, and dishwasher

Bathrooms
- White bathroom suites comprising of bath with mixer tap and hand held shower attachment with glass shower door
- Pedestal basin
- Large wall mounted mirror
- Chrome heated towel rail
- White wall and floor tiles

Utility Space
- Housing and plumbing for washing machine

Decoration
- Neutrally decorated throughout with walls painted in white Dulux
- White satin wood paint to woodwork

Flooring
- Silver grey laminate in entrance hallway and living spaces
- Light grey carpeting in bedrooms
Location
New Humberstone is a thriving suburb situated along the A47 Uppingham Road, just two miles east of Leicester. The bustling area offers an array of local and national shops, eateries and centres for the local community. Further afield is Leicester city centre, just a short car/ bus journey away offering an abundance of shopping and leisure facilities including the award winning Highcross Shopping Centre.

- Masjid Abu Hurairah Mosque - 2 minute walk
- Humberstone Park - 10 minute walk
- Leicester General Hospital - 3 minute drive
- Humberstone Heights Golf Course - 5 minute drive
- Leicester City - 10 minute drive
- Uppingham, Oakham - 30 minute drive
Viewings and Directions
Given the Government and HSE guidance, please contact our office on 01162 960 940 for further information and current viewing arrangements.

The show apartment is available to view by prior appointment only with the agency Oliver Rayns.

Postcode for Sat Nav: LE5 4AD