Pro Seller · View My Profile
· 01455 251771
You have no shared connections.
· Joined: Feb 21, 2011
£2,750,000
Leicester, Oxford House was purpose built as Student
1 / 3
Price:
£2,750,000 Get Prequalified Today
Contact:
01455 251771
Location:
Leicester, Leics
Description:
Oxford House was purpose built as Student Accommodation in 2006 and is arranged in 2 blocks each over six storeys (ground and five upper storeys) and we are advised of steel frame construction, with facing brickwork, and clear and obscure glazing. The building benefits from the remainder of ten year NHBC warranty. The building was altered to its present configuration during 2010 The accommodation offered in each block is as follows. Block A 11 two bed units Block B 6 six bed units There is a communal garden / amenity area with tarmacadam pathways between the two blocks.
LOCATION
The property is situated with a frontage on to Oxford Street, Leicester close to the junction with Mill Lane on the southern fringe of the city centre. Many of the principal University Buildings including the Union and Library are arranged around Mill Lane. Leicester Royal Infirmary is also located in close proximity . Leicester is a major city within the East Midlands and enjoys a diverse economy and excellent road communications access to the M1/M69 intersection at junction 21, and the M1 at Junction 22.. Rail services to London St Pancras are available in approximately 1 hour 18 minutes. Major facilities include Highcross Shopping Centre and the Fosse Shopping Park.
DESCRIPTION
Oxford House was purpose built as Student Accommodation in 2006 and is arranged in 2 blocks each over six storeys (ground and five upper storeys) and we are advised of steel frame construction, with facing brickwork, and clear and obscure glazing. The building benefits from the remainder of ten year NHBC warranty. The building was altered to its present configuration during 2010
The accommodation offered in each block is as follows.
Block A 11 two bed units
Block B 6 six bed units
There is a communal garden / amenity area with tarmacadam pathways between the two blocks.
BACKGROUND
DeMontfort University is a vibrant modern university and international students form around ten per cent of the 23,000 student population .In the 2008 Research Assessment Exercise (RAE), DMU received one of the best research results for any modern university, with 43 per cent of the work submitted rated world-leading or internationally excellent. Leicester Business School, based in the newly opened 35-million landmark Hugh Aston building for Business & Law, was ranked seventh for overall student satisfaction in the Times Good University Guide 2010. Last September, the Leicester Mercury reported that 300 students at the institution were staying in hotels after demand for accommodation outstripped supply. It added that new undergraduates from the local area had been denied places in halls of residence.
LETTINGS AND RENTAL INCOME
Oxford House is already let for the next academic year - 2011/12 - at in total a gross rental income of 209,733. After allowing for the following:
Agents Fees
Broadband
Cleaning Services Maintenance and Replacement
Water Charges
Electricity
The net rental income is 166,243
SUPPLEMENTARY INFORMATION
Further information including plans and sample tenancy documents are available on request. Additionally Westmanor Property Services Ltd, the managing agents will be happy to meet with seriously interested parties to provide background information
PRICE
Offers in the order of 2.75 million are sought for the benefit of the freehold interest. It is the intention of the vendor to include within the contract of sale a proviso to the effect that Westmanor Property Services Ltd be retained as agents for a further 3 years from the date of sale. This should be viewed in the context that the building has been fully occupied since it was built. The client may dispose of Block A alone inviting offers in the order of 1.1 million. For Block A the gross rental is 83,894 for this academic year with a net income of 67,072
You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.
Property Type:
Commercial & Office Space for Sale
Amenities:
Internet Access
For sale by:
Agent/Broker
Phone:
01455 251771
Posted:
Contact:
01455 251771
-
Let me know if you have any questions. – Wards Commercial
Ask a question or leave a comment...
More About this Listing: Leicester, Oxford House was purpose built as Student
Leicester, Oxford House was purpose built as Student is a Commercial Property for Sale in Leicester LEC. Find other listings like Leicester, Oxford House was purpose built as Student by searching Oodle Marketplace for Commercial Property for Sale in Leicester LEC.
Leicester, Oxford House was purpose built as Student is a Commercial Property for Sale in Leicester LEC. Find other listings like Leicester, Oxford House was purpose built as Student by searching Oodle Marketplace for Commercial Property for Sale in Leicester LEC.