Braunstone Gate, Leicester
£1,350,000
A building with presence, profit and genuine potential — ideal for seasoned investors, developers, and portfolio builders.
A building with presence, profit and genuine potential — ideal for seasoned investors, developers, and portfolio builders.
Why This Stands Out
Trophy asset with a striking red-brick façade and high visual presence
Prime corner position with strong passing footfall
Already income producing with secure covenants
Separate residential entrance & postcode (Hanover House)
Immediate uplift opportunity via student reconfiguration
Title split already completed — reducing future legal complexity
Excellent location close to DMU, Leicester Royal Infirmary & the city centre
Current Income Breakdown
Ground Floor & Basement – Let to an Established Operator
•Lease: 7-year term from 1 May 2025
•Passing Rent: £40,000 per annum + VAT (£750 per week)
•Lease benefits: Inside the Landlord & Tenant Act, reinforced by group company covenant and two personal guarantees offering strong security of income.
Upper Floors – Five Self-Contained Flats
•Each flat currently let at £675pcm
•Total existing residential income: £40,500 per annum (gross)
Total building income: approx. £80,500 per annum.
Titles for the flats and commercial elements have already been split, and the management company is set up — reducing legwork for future restructuring, refinancing or sale.
Reconfiguration / Student Scheme Potential
The configuration of the upper floors lends itself naturally to a 10-studio layout (subject to PD/Planning).
Using realistic, localised rental assumptions:
•£170 per week per studio (inclusive of bills)
•Let over a typical 48-week academic period
Projected student income:
£170 × 10 units × 48 weeks = £81,600 per annum
Combined with the commercial rent, this delivers:
Total projected income: c. £122,000 per annum
With vendor estimates of £80,000–£85,000 refurbishment spend, this represents an exceptionally attractive yield-on-cost for the right operator.
