Summary - FLAT 48, 2 MARQUIS STREET, LEICESTER LE1 6RS
1 bed 1 bath Studio
Affordable, high-yield studio in converted industrial building near shops and transport.
Compact studio with mezzanine bedroom and high ceilings
Set within a converted industrial block in Leicester city centre, this compact studio offers straightforward, turn-key rental potential. The open-plan ground floor living space has high ceilings and large windows; a mezzanine bedroom accessed by a spiral staircase provides sleeping accommodation while preserving the apartment’s airy feel. Fit-out is neat and well maintained with Velux windows, integrated fridge, and plumbing for a washing machine.
This is a cash-buy opportunity marketed to investors or buyers comfortable with city-centre micro‑living. The numbers are clear: a gross yield around 8.8% (based on a £675pcm rent) and a modest asking price offer immediate income potential. The building has 24‑hour coded access, CCTV and an on-site manager, which supports lettability in a student and young-professional neighbourhood.
Buyers should note the material facts: the property is leasehold with 104 years remaining, an annual service charge of about £1,050 and ground rent of £257.92. Heating is electric only (room heaters), there is no gas, and parking is available but sold separately. The mezzanine and spiral staircase limit accessibility for some tenants.
Overall, this is a pragmatic city-centre investment: compact and low-cost to acquire, strong rental demand nearby, but with running costs and layout constraints that suit investors or buyers seeking a let-ready studio rather than a family home.
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