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Block of Student Accommodation in Leicester Put up for Sale

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

Auctioneers are looking to sell a huge block of student housing in Leicester, providing investors an opportunity to enter the student accommodation market.

Located in Newarke Street, the Victorian building was converted from an old factory into 19 student bedrooms, with eight bathrooms and four kitchens.

The asset is split into four large cluster flats and is located next to De Montfort University, making it attractive to students attending the institution.

Agents acting on the sale say the property can provide a rental income of £67,200 and comes with a guide price of £750,000.

The property is being put up for auction by SDL Graham Penny, which is to be held at the King Power Stadium.