Summary - Flat 407, The Exchange, 5 Lee Street LE1 3AJ
2 bed 1 bath Flat
**Standout Features:**
- City centre location with easy access to amenities
- On-site gym and concierge services
- High rental yield at approximately 11.68%
- Secure tenancy agreement in place with a willing to renew tenant
- Chain-free sale with 102 years remaining on the lease
- Two bedrooms and well-proportioned living space
**Concerns:**
- Small overall size (485 sq ft)
- High service charge (£2,198 per annum)
- High crime rate in the area
- System built walls with assumed no insulation
- Maintenance and repairs may be necessary due to the building's age
Nestled in the vibrant heart of Leicester, this charming two-bedroom flat offers an unbeatable investment opportunity with a fantastic gross yield of approximately 11.68%. Enjoy living in a cosmopolitan neighborhood surrounded by an array of cultural hotspots, including the Curve Theatre, bars, restaurants, and cafes.
The fourth-floor apartment boasts an open plan living room with modern amenities such as an electric hob, oven, and dishwasher, providing a comfortable space for relaxation and entertaining. Spacious bedrooms ensure privacy, while a well-appointed bathroom adds to the convenience.
Although the property is relatively small (485 sq ft) and associated with a higher crime rate, it presents tremendous rental potential in a desirable city-centre location. The leasehold comes with a manageable ground rent and service charge, making it a practical choice for discerning investors. Plus, the presence of a knowledgeable tenant interested in renewal means immediate income from day one. Don’t miss this exclusive chance to own a property in a thriving borough; opportunities like this are rare!
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