Summary - Flat 74, Primus Place, 56 Gateway Street LE2 7NT
1 bed 1 bath Studio
**Standout Features:**
- Strategic location near DMU and the University of Leicester
- High yield potential at 12.5% NET
- 250-year leasehold
- Already tenanted until July 2025, generating £8,565 rent
- Modern, contemporary style with minimalist design
- Close to essential amenities including bars, restaurants, and hospitals
**Property Summary:**
This contemporary studio apartment in Leicester presents a unique investment opportunity with an attractive 12.5% NET yield. Perfectly positioned within a multicultural student neighborhood, it is just minutes away from DMU and the University of Leicester, making it an ideal haven for student renters. With a long lease of 250 years remaining, this property promises lasting value.
Ready to start generating income with a secured tenancy until July 2025, this studio not only boasts modern comforts but also benefits from proximity to the vibrant city life, including a thriving nightlife and rich cultural experiences. The nearby amenities, from cafes to healthcare facilities, enhance the appeal for potential tenants.
However, prospective buyers should consider the average service charge of approximately £1,992 annually, which could impact overall profitability. Whether you’re an investor seeking a stable rental income or someone looking to tap into Leicester's dynamic housing market, this property offers substantial potential. Don’t miss out on this sought-after studio that blends modern living with smart investment strategy!
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