Crown Place, Leicester

  • Invest from £57,500
  • Minimum rental assurance for 5 years
  • Projected gross rental yield 11.97%
  • Close to 2 universities
  • Catchment area of 36,705 students
  • Furniture pack included
  • 999 year leasehold

Introduction

Within close proximity to the two main universities in Leicester, Crown Place Leicester is an exceptional Student investment.  The Crown Place building is a converted Grade 2 listed former textile mill, which will undergo an extensive renovation process, to emerge as a leading property for the student population in the area. The new build will include a swimming pool, gym, café/restaurant, games room and cinema room. The facilities being unique in Leicester and should prove attractive to students. Starting from £57,500, the units are priced Below Market Value (BMV), and offer 50% non-status finance. Each unit will benefit from an assured minimum NET yield for the first 5 years, providing complete peace of mind for potential investors. The individual units will form clusters of high-end study bedrooms, each with their own en suite bathroom and kitchen centred around shared living spaces. Knight Frank recently published a report stating that Leicester is currently suffering a severe shortage of high quality purpose-built student accommodation.  Student numbers had increased during the three years leading up to the 2010/2011 academic year placing the two universities in the area, De Montfort and Leicester Universities under pressure to accommodate their students.  Last year De Montfort University was forced to locate privately rented properties or hotels for students after admitting more students than they could accomodate. The 2005, 2006 and 2007 National Student Survey for overall student satisfaction saw Leicester ranked joint first amongst mainstream universities throughout England.  In 2008 they came second on to Cambridge and regained joint first in 2009. A leading independent management company will run the building providing investors with a fully “hands off” investment. The project will prove appealing to the 27,000 students at De Montfort University as it is only a short walk from the campus.  The University of Leicester boasts 23,000 students with Leicester’s total student population reaching an impressive 50,000.

Location of Crown Place

HINT #1: Click on the map icon to get directions to crown place

HINT #2: On the map in the top left, if you see an orange man, drag him to the location on the map for "street view"

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