Block of Flats for sale in the LE2, Leicester

Block of Flats for Sale Within 5 miles of the LE2, Leicester

More details for 9-11 Marble St, Leicester - Build-to-Rent for Sale

The Nest - 9-11 Marble St

Leicester, LE1 5XD

Build-to-Rent for Sale
£5,750,000
19,644 sq ft

24 Hour Access
Kitchen

Leicester Build-to-Rent for Sale

Seeking offers of £5,750,000 which reflects approximately £94,000 per bed. The Nest is a high-quality, newly built Purpose-Built Student Accommodation (PBSA) asset comprising 61 beds, with a mix of 13 studios and 48 cluster beds. Fully let for the 2024/25 academic year, this investment presents a turnkey opportunity with immediate income security in a prime student location. The property boasts modern amenities, including a cinema room, high-speed Wi-Fi, fully fitted kitchens with dishwashers, on-site laundry, site security, and a landscaped courtyard, ensuring strong tenant demand and long-term rental resilience. The building is fully let for the 24/25 academic year producing £493,648 / £8,093 per bed per annum. The 2025 - 2026 Academic Year Anticipated Core Student Income is £507,000. The Anticipated Net Ancillary Income from the Laundry is £6,000. The Management and Operating Costs budget is £145,276. This provides an estimated Net Annual Income for the 2025 - 2026 Academic Year of £367,724. Management and Operational Costs The Nest is managed by Mezzino. The 2025 - 2026 Academic Year Budget is £145,276 which equates to £2,382 per bed.