9 bedroom block of flats for sale

An excellent opportunity to acquire a substantial mixed-use freehold investment comprising seven income-producing units, prominently situated on Halford Street in Leicester city centre. The property provides an attractive and diversified rental profile, comprising one commercial unit, three one-bedroom apartments and three two-bedroom apartments. With seven separate units within a single freehold building, the property offers a spread of rental income across both residential and commercial accommodation. The three one-bedroom apartments are currently producing £900 per calendar month each, generating a combined rental income of £2,700 per month and £32,400 per annum. The apartments provide well-located city-centre accommodation, benefiting from their proximity to Leicester's extensive range of shops, restaurants, leisure facilities, employment opportunities and transport connections. The three two-bedroom apartments are currently producing £1,200 per calendar month each, providing a combined income of £3,600 per month or £43,200 per annum. The two-bedroom accommodation provides a complementary tenant profile to the one-bedroom units and further strengthens the residential element of the investment. In addition to the residential accommodation, the property incorporates a commercial unit currently producing £1,500 per calendar month, equivalent to £18,000 per annum. The commercial element provides an additional income stream and further diversification, with the property benefiting from both residential and commercial occupiers. The total current rental income across all seven units is £7,800 per calendar month, equating to £93,600 per annum. The property is offered for sale at £1,335,000, which based on the current passing rent represents a gross initial yield of approximately 7.01%. The property occupies an established mixed-use position on Halford Street within Leicester city centre. The surrounding area is characterised by a combination of residential, commercial, retail and leisure uses, creating an active urban environment and providing occupiers with convenient access to a wide range of amenities. Leicester is a major East Midlands city with a large and diverse population and an established economy, supported by retail, business, education, healthcare, leisure and professional services. The city centre provides a broad range of amenities, including shops, supermarkets, restaurants, cafés, bars, entertainment venues and other everyday facilities. The central location is particularly convenient for residential occupiers, with many city-centre amenities accessible within a short distance. Leicester Railway Station is also located within the city centre and provides regular rail services to London and a number of key destinations across the East Midlands and beyond. The property also benefits from Leicester's wider road network, providing access to surrounding areas and the regional motorway network, including the M1. From an investment perspective, the property offers the benefit of seven separate income-producing units within one freehold ownership. The spread of income across six residential apartments and one commercial unit provides a diversified rental profile, while the central Leicester location supports the property's appeal to both residential and commercial occupiers. There may also be scope for future rental growth, subject to the existing tenancy arrangements, lease terms and prevailing market conditions. The combination of an established income stream, multiple units, mixed-use accommodation and a central city location makes this an opportunity suited to investors looking to acquire a substantial freehold investment with immediate rental income. Key financial information: Asking Price: £1,335,000 Current Rental Income: £7,800 pcm Current Annual Rental Income: £93,600 pa Commercial Income: £18,000 pa Three One-Bed Apartments: £32,400 pa Three Two-Bed Apartments: £43,200 pa Number of Income-Producing Units: 7 Tenure: Freehold Gross Initial Yield: Approximately 7.01%