Block of Flats for sale in the Somerby, UK

Build-to-Rent in Somerby available for sale

Block of Flats for Sale Within 5 miles of the Somerby, UK

Sandhills Ave

Leicester, LE5 1QN

Office 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.

Contact:

Budworth Hardcastle Ltd

Property Subtype:

Apartment

Date on Market:

19/12/2025

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Sandhills Ave

Leicester, LE5 1QN

Build-to-Rent for Sale
£1,950,000
71,499 sq ft

Energy Performance: E

Leicester Build-to-Rent for Sale

Offers in the region of £1,950,000 (One Million, Nine Hundred & Fifty Thousand Pounds) are invited for the benefit of a new 999 year leasehold interest. The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.