LE3 Ivanhoe House, 41A Ivanhoe Street, Leicester

The property comprises an attractive part two-storey and part three-storey building which was extended and comprehensively redeveloped during 2023 to provide 8 self-contained residential apartments, arranged as:

3 x studios

4 x 1 bed flats

1 x 2 bed flat

Internally, the accommodation has been finished to a high standard throughout with each flat having; painted plastered walls and ceilings, laminate floor coverings, modern kitchen units with integrated hob and oven, together with shower rooms, incorporating an electric shower, WC and a wash hand basin, set within a vanity unit. Heating within each flat is facilitated by way of wall mounted electric heaters.

To the rear of the site there is a brick paved courtyard area, accessed via a central under croft on which there are a number of garages/storage units.

The subject property occupies a prominent frontage position on Ivanhoe Street, lying approximately 1.1 miles north west of Leicester City Centre in the Newfoundpool area of the city. Ivanhoe Street itself is located in-between Beatrice Road to the north and Pool Road to the south, which both lead to Fosse Road North, which in turn connects to the A50 to the north, and A47 to the south, both of which are main arterial routes leading into Leicester City Centre. There are a range of local amenities and services in the area, including a Lidl supermarket.

8 self contained flats

Redeveloped during 2024

High quality

Fully let

Rental Income £71,040 pa

8.36% gross yield