Residential and Commercial Investment Opportunity – Leicester
Commercial and Residential units sold as block deal November 2012.
This Freehold Investment opportunity consists of 6 one bed and 6 two bed apartments on the first and second floor that were fully refurbished in 2011. The Ground Floor has also been fully refurbished and let to Sainsbury for a 15 year term. The entire building including the freehold is available for sale and independent valuations as well as current rental figures are available on request. All apartments are currently let for 2012 and 2013.
With a Debt Gearing of 45% an investor can expect to achieve an IRR of 10.6%