Leicester, East Midlands, LE2 Burns Street 55 Unit Block | Freehold
Rental income for 2 yrs**
( Dividend Yield after 2 years)
of £2,473,600
£2,473,600
Dividend Yield
6.30%
Funded 100.00%
5 Year HPI
N/A

Documents

Floorplan

The investment comprises a four-storey development of 55 self-contained student flats providing 70-bed spaces (47 studios, 2 two-bedroom flats, 5 three-bedroom flats and 1 four-bedroom flat).

The units are fitted to a high standard and feature double beds, secure entry system, and ensuite shower rooms. In addition, the block contains a cycle store, on-site laundry facility and a secure car park at the rear.

We present here a floorplan for 1 of the floors within the block.

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Financials

  • Share Valuation
  • Rental Income Breakdown
Gross Rent per year (E)
£358,444
Service Charges
- £39,150
Gross Rental Revenue
= £319,294
Gross Rental Yield
7.04%
Costs
- £160,441
Annual Interest Payment
£79,028
Letting and Management
£27,421
Property Insurance
£7,200
Allowance for possible voids
£6,893
Maintenance Allowance
£2,637
Corporation Tax
£37,262
Dividends per year
= £158,853
Dividend Yield
6.30%

Note: UK taxpayers are currently entitled to a £5,000 annual dividend allowance. This means that the total income related tax you pay is no greater than if you were to own the property directly. Gross rent and dividends may be lower than estimated. Tax treatment depends on individual circumstances and may be subject to change in future. See FAQs for more information on taxation. The Dividend Yield assumes an investment at the Latest Valuation.

Location

Burns Street, LE2 6DJ,