Summary - DUKE STREET MANSIONS, 3 - 7 FLAT 34 DUKE STREET LEICESTER LE1 6WB
1 bed 1 bath Apartment
Turnkey city-centre buy with strong rental return and tenants in place.
- Tenants in situ — investors only sale
- Immediate rental income: £700 pcm (11.2% yield)
- Top-floor apartment, 383 sq ft (compact)
- Open-plan kitchen/lounge; one double bedroom
- Lease approx. 103 years remaining
- Service charge around £1,600 per year
- Ground rent £100 per year
- Area records very high crime levels
A compact top-floor apartment in Duke Street Mansions, offered with tenants in situ and delivering an immediate 11.2% rental yield. The converted-warehouse building retains characterful brick facades and high ceilings, while the flat itself is arranged as an open-plan kitchen/lounge, one double bedroom and a shower room across 383 sq ft.
This is a turn-key investment for buyers seeking cashflow: current rent is £700 pcm and the sale is being marketed for investors only. The property has double glazing and electric room heaters, and is centrally located close to shopping, eateries and Leicester train station — strong letting demand in this student and city-centre neighbourhood.
Be aware of the material costs: service charge averages £1,600 pa and ground rent is £100 pa. The lease has about 103 years remaining. The accommodation is small and top-floor access may limit appeal to some tenants; the area records very high crime levels, which investors should factor into pricing and management plans.
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