A background pattern, diamond shapes fading out.

Menu

15-23 Hotel Street

Download Property PDF
Location:

15-23 Hotel Street

Leicester

LE1 5AW

Size:

42,235.00 Sq Ft

Price:

For Sale: £6,300,000.00 for the Freehold

Key Information

  • Total 42,235 sq ft
  • Site extends to approx 0.275 acres
  • Freehold price offers in excess of £6,300,000. A purchase at this level reflects an attractive gross initial yield of 10.89%, net initial yield of 8.02%.
  • Freehold Price offers in excess of £6,300,000. A purchase at this level reflects an attractive gross initial yield of 10.89%, net initial yield of 8.02% and a low capital value of £60,000 per bed space assuming normal purchaser's costs.

The property is an attractive 5 storey period building of traditional brick and stone construction with a modern rear extention added in the 1960s beneath a part pitched slate and part flat roof. The building comprises of five ground floor retail units and 39 apartments providing 90 beds (14 studios, 8 x 2 bed cluster apartments, 7 x 3 bed cluster apartments, 10 x 4 bed cluster apartments) above. The uppers floors were converted into high quality student accommodation in 2017. Internally, the spacious rooms are finished to a high standard being appointed with a double bed, desk and built in wardrobe, kitchen or kitchenette with oven, electric hob, dishwasher, fridge freezer and washing machine/dryer with karndean or Amtico flooring throughout. All beds are ensuite fitted with a shower, WC, wash basin and heated towel rail. On site facilities include:- - Electric heating throughout with individual thermostatic controlled panel radiators - Recessed Lighting throughout with intelligent motion sensor lighting in common areas - All rooms ensuite - Sprinklers to common parts with smoke detectors in common areas and rooms - Two Schindler passenger lifts - Intercom to front door - WIFI - Bike Store - CCTV

Get a Valuation

Our fully regulated RICS Registered Valuers will provide expert advice on every kind of property.

Arrange now

Dispose of property

Advice on the best strategy and giving you access to the right buyers.

Arrange now

Arrange a survey

Our building consultancy team will help you to make informed decisions and reduce risk.

Arrange now

Register Your Property Requirements

Can’t find what you’re looking for? Simply tell us about your requirements and we’ll do the work for you.

Register