Allied Place, 44 Abbey Street, Leicester, Leicestershire, LE1 3TD

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1 Allied Place, 44 Abbey Street, Leicester, Leicestershire, LE1 3TD RESIDENTIAL INVESTMENT OPPORTUNITY WITH LAPSED PERMITTED DEVELOPMENT CONSENT TO PROVIDE A FURTHER 11 UNITS Currently producing 284,800 gross income Offers in excess of 2,750,000 which reflects a gross yield of 10.3%

2 Allied Place, 44 Abbey Street, Leicester, Leicestershire, LE1 3TD OIEO 2,750,000 Subject to Contract Located in Leicester City Centre in close proximity to the two major shopping centres, Haymarket and Highcross and 2.3 miles to Leicester University Situated just 0.7miles/10 min walk from Leicester Train Station (1 hour 6 mins to Kings Cross) Comprising 2nd-7th floors totalling 23,760ft2 (NIA) providing mostly residential accommodation with one floor of vacant offices Held long leasehold for 125 years until 10 June 2139 (123 years unexpired) at a ground rent of 35,000 PA with 5 yearly reviews to RPI Floors 3-7 currently comprise of 46 apartments all let on AST s Currently produces a total gross income of 284,800 Net income of 227,016PA - assuming 8% Let and Management fees and after deducting head rent Potential to convert vacant second floor office to produce a further 11 units. 3,828ft2 adding a further gross income of 61,464pa (based on average prices achieved on existing rentals) 7 X Studio, 3 X 1 Bed, 1 X 2 Bed OIEO 2,750,000 which reflects a low cap value of 115psf against total NIA including second floor conversion

Allied Place Location Leicester is the 10th largest city in the UK, with a population of around 330,000 and is known as a student city with over 52,000 students.

3 Allied Place Location Leicester is the 10th largest city in the UK, with a population of around 330,000 and is known as a student city with over 52,000 students. The city is characterful and lively with cinemas, comedy clubs, theatres, music venues and an array of famous restaurants, offering a very diverse culture. The main city attractions include Highcross Shopping Centre, Haymarket Shopping Centre and St Martins Shopping Centre which are all within 10 mins walk. As expected - theatres, cafes, parks, the Abbey ruins and the cathedral, bike rides and bus tours all complement the city s cultural heritage. Transportation Allied Place benefits from excellent train services to East Midlands airport, Birmingham airport, Birmingham city centre and London city centre direct from Leicester train station. The train station is only 1.7 miles from the property and there is a direct bus which takes you from one to the other in only seven minutes. Source: Google maps, not to scale, provided for indicative purposes only. There are also extensive bus services all over the city which run 24/7.

4 44 Abbey Street - Tenancy Schedule Unit Beds Size m2 Size ft2 Rent PM Start Date Term Flat 1 1 Bed /04/ Flat 2 2 Bed /04/ Flat 3 1 Bed /04/ Flat 4 Studio /03/ Flat 5 Studio /03/ Flat 6 Studio /03/ Flat 7 Studio /03/ Flat 8 Studio /03/ Flat 9 Studio /03/ Flat 10 1 Bed /04/ Flat 11 1 Bed /04/ Flat 12 1 Bed /04/ Flat 13 2 Bed /04/ Flat 14 1 Bed /04/ Flat 15 Studio TBC 6 Flat 16 Studio /02/ Flat 17 Studio /04/ Flat 18 Studio /03/ Flat 19 1 Bed TBC 6 Flat 20 2 Bed /04/ Flat 21 1 Bed TBC TBC Flat 22 1 Bed /04/ Flat 23 2 Bed /05/ Flat 24 1 Bed TBC 6 Flat 25 1 Bed /04/ Flat 26 1 Bed TBC TBC Flat 27 2 Bed /03/ Flat 28 2 Bed /02/ Flat 29 1 Bed TBC TBC Flat 30 1 Bed /04/ Flat 31 2 Bed /04/ Flat 32 1 Bed /04/ Flat 33 Studio /04/ Flat 34 Studio /02/ Flat 35 Studio /02/ Flat 36 Studio /04/ Flat 37 1 Bed /04/ Flat 38 2 Bed /03/ Flat 39 1 Bed TBC 6 Flat 40 2 Bed /03/ Flat 41 2 Bed /02/ Flat 42 2 Bed TBC 6 Flat 43 Studio /04/ Flat 44 2 Bed /03/ Flat 45 2 Bed /05/ Flat 46 1 Bed TBC TBC Total 23, Total: 15 x studios, 18 x 1 beds, 13 x 2 beds

5 Typical layout of existing floorplan, floors 3-7 All floorplans available upon request

6 Existing layout of vacant office second floor

7 Proposed layout of second floor PD consent

Trusted. Proven. Experienced. Tenure Long leasehold for 125 years Guide Price OIEO 2,750,000 Subject to Contract For further information, appointments & viewings +44 (0)207 266 8500 Jerome Colmans j.

8 Trusted. Proven. Experienced. Tenure Long leasehold for 125 years Guide Price OIEO 2,750,000 Subject to Contract For further information, appointments & viewings +44 (0) Jerome Colmans Daniel Minsky (MRICS) DISCLAIMER The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute or constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Estate Office has an authority to make or give any representation or warranty whatsoever in relation to this property. Jun-16.

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