Leopold Street, Derby, DE1 2HD

Property Details: • Type: Detached • Tenure: N/A • Floor Area: N/A

Key Features: • Quote Reference - #BD14 • Over 10% Rental Yield • Fully Renovated in August 2024 • 5 Minute Walk into City Centre, 10 Minutes from Derby Train Station & Florence Nightingale Hospital • 20 Bedroom HMO, All With Own En-Suites & 15 Rooms Have Their Own Kitchenette • Over 6,000 Sq Ft • Communal Living, Kitchen & Laundry Room • Annual Return of Circa £200,000 • EPC Rating D

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Office 5, 10 Burnett Road, Sutton Coldfield, B74 3LP

Full Description: Don't miss this fully renovated 20-bedroom HMO property in Leopold Street, Derby. Fully let, it generates a rental yield of over 10%, close proximity to amenities, and a potential annual return of £200,000 making this the perfect hands off investment. With its prime location for access to the City Centre and key employers, this property is an ideal investment for investors, those seeking a high-yielding property within close proximity to the city centre.Extending over an expansive 6,000 square feet, this multi-story property is truly remarkable. Thoughtfully renovated in August 2024, the modern finishes and fittings guarantee tenant satisfaction and enabling you to start generating rental income immediately.  Each of the 20 sizable bedrooms within the property has its own en-suite and on top of that 15 of the bedrooms also have their own kitchenettes.The communal living spaces, kitchen, and laundry room have been thoughtfully designed to facilitate a harmonious living environment for all residents. Additionally, the presence of a well-equipped kitchen and a laundry room ensures tenants can enjoy a convenient and independent lifestyle.  One of the property's key selling points is its location. Situated a mere 5-minute walk from the city centre, this property is surrounded by a plethora of amenities including shops, restaurants, cafes, and entertainment options. Also, within a close proximity are some of the cities major employers including Alstom, Rolls Royce, Florence Nightingale Hospital, Pride Park Estate & Businesses within the City Centre. For those requiring regular travel, the property's advantageous location provides easy access to transport links with Derby Train and Bus Station both being a 10-minute walk away. With an immediate rental income and providing a stable foundation for prospective investors. Fully let, this property will give you an annual return of circa £200,000, giving a highly attractive potential income stream, reflecting a rental yield of over 10%.