The Vera Mitchell Building
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A huge undersupply of high-quality rental accommodation in Leicester is causing a rapid increase in rental prices. In fact, the city has experienced an average 9.7% growth YOY for the last 3 years. This brand-new, eagerly anticipated development boasts a prime location in the city centre.
✔  Transfer reservation deposit of just £5,000
✔  Secured rental income for 3 years, with no management fees
✔  Forecast 5-year property price increase of over 26%
✔  Approved for short-term lets by the council, developer and freeholder, driving yields in excess of 16%
✔  From Leicester’s most reputable developer
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By 2050, local planners anticipate the need to accommodate approximately 187,000 new households, a target unlikely to be met at current building rates. That is why Leicester is such a highly lucrative market for investors, both currently and over the long term.
✔  122 spacious and contemporary studios, one-bedroom and two-bedroom apartments
✔  Luxury high-specification finish throughout
✔  Project completing in Q2 2025
✔  999-year lease, meaning virtually freehold
✔  30% deposit (less reservation fee) on exchange after 28 days
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