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Westdale Court

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Location:

Westdale Court

118 Western Road

Leicester

Leicestershire

LE3 0GJ

Size:

0.00 Sq Ft

Price:

For Sale: £2,500,000.00 for the Freehold

Key Information

  • Gross rental income £217,140 per annum
  • Easy walking distance De Monfort University Campus and city centre amenities
  • Offers in the region of £2.5 million
  • Option to acquire 0.34 acre development site (by way of separate negotiation)
  • Offers in the region of £2.5 million. A purchase at this level reflects an attractive Gross Yield of 8.67% and a low capital value of £43,103 per bed space.

Westdale Court is a modern, purpose built, six storey residential apartment block. Constructed in 2014, the property is of steel frame construction clad with brick and render incorporating extensive double glazing under a flat roof. The building is made up of 15 cluster apartments (5 x 3 beds, 7 x 4 beds, 3 x 5 beds) comprising ten duplex and five single floor units. In total there are 58 bedrooms all benefiting from en-suite shower facilities with the exception of four of the 3 bed apartments (No's. 10, 11, 14 & 15) which have shared facilities. This configuration provides the flexibility for the block to be operated across the living sector such as for student accommodation or supported living. Each apartment features painted plastered walls and ceilings, a mixture of carpet and ceramic tile floor coverings, suspended/tube lighting, fitted kitchens with a range of base and wall mounted storage units with integrated electrical appliances/cooker, washer dryers and en-suite shower rooms with part ceramic tiles walls, a WC and handwash basin. The building has electric wall mounted heating throughout, fire detection system, CCTV, computer and television cabling, PIR hallway lighting and a central passenger lift. Additional facilities include an office and bin store on the ground floor.

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