Block of Flats for sale in LE1

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More details for 21 Queen St, Leicester - Build-to-Rent for Sale

Queen Street Quarter - 21 Queen St

Leicester, LE1 1QD

Build-to-Rent for Sale
£29,500,000
105,706 sq ft

Car Charging Station
Fitness Centre
Pool

Leicester Build-to-Rent for Sale

Queen Street Quarter represents a rare opportunity to acquire a fully stabilized freehold residential investment in the heart of Leicester. The property comprises 232 modern apartments arranged across two significant buildings: The Rowley Building, a character warehouse conversion, and 18–19 Queen Street Quarter, a contemporary block. Offering a mix of studios, one- and two-bedroom units, this scheme delivers proven income and strong rental growth potential. With 95% occupancy and a robust tenancy base, the asset is underpinned by an estimated rental value of approximately £2.56 million per annum, with current passing rent at £2.3 million. Residents benefit from exceptional on-site amenities including a gym, swimming pool, yoga studio, games room, and communal lounge and dining areas. The property also includes 141 car parking spaces, incorporating electric vehicle charging stations. Its prime city center location places Queen Street Quarter within walking distance of Leicester’s primary retail, leisure, and cultural amenities, as well as Leicester Railway Station, providing fast connections to London. Strong local rental growth trends and an economically active population reinforce long-term value, making this an exceptional core-plus investment with further asset management upside.

Contact:

Cushman & Wakefield

Property Subtype:

Apartment

Date on Market:

30/06/2026

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Block of Flats for Sale Within 5 miles of the LE1

Sandhills Ave

Leicester, LE5 1QN

Retail for Sale
£750,000
5,270 sq ft
1 Unit Available

Energy Performance: E

Leicester Build-to-Rent for Sale

Long Leasehold for a term of 999 years (virtual freehold) with a term of 983 years unexpired. The property is let to Shining Stars Day Nursery Limited (11243477) on an effective fully repairing and insuring lease for a term of 15 years (unbroken) from 23rd July 2019. The passing rental is £57,857.14 per annum exclusive, though subject to an RPI index linked rent review capped at 4% on 23rd July 2029. We are seeking offers in excess of £750,000 (Seven Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a gross yield of 7.71% and a net initial yield of 7.36% after the purchaser’s costs.