Number 47 Leicester

Walton & Allen Property Investment Club and Aronex Developments are proud to present our latest development, “#47”.

Ideally located in the heart of Leicester City Centre, it will provide 47 luxurious Student flats, offering a mix of Studios and 1, 2 and 3-bedroom flats.

Aronex Developments has sold out and delivered 5 projects to date. This is the 2nd development they have launched in the city of Leicester.

Prices from £59,900 with an assured 7% yield.

Download information on investing in Leicester #47 Leicester Brochure.

Investment Details

Type: Student Accommodation
Total Student Flats: 47
Number of Studios: 36
1 bed Apartments: 9
2 bed Apartments: 1
3 bed Apartments: 1
Planning Permission: Approved
Studio Size – Approx. 30 sqm 1 Bed Size – Approx. 36 sqm
2 Bed Size – Approx. 60 sqm
3 Bed Size – Approx. 91 sqm
Unit Price: From £59,900
Rental Income: 7% NET for 5 yrs
Completion: Q4 2018
Leasehold: 250 years Lease
Payment Structure:
• £5000 reservation fee
• 40% paid on exchange
(Within 30 days)
• 30% paid by 30th June 2018
• Balance on completion
Construction Interest:
3% on paid deposit from
exchange until completion
Ground Rent: £500 per year (Not NET of rental income)
Communal Facilities: Games Room, laundry, roof terraces, bicycle storage and much more!
Management Fee/Services Charge: Approx. £1250 per year only payable if NOT in rental guarantee
Management Company: Mughni Management Company