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Primus Edge Premium Student Apartments

UNITED KINGDOM / REGION EAST MIDLANDS / TOWN LEICESTER / DE MONTFORT UNIVERSITY CAMPUS   On the map
Prices    Price list
117 890  136 064
0 €/sq.m

No commission from the Buyer

Type:
Studios

Unit sizes:
23 sq.m 26 sq.m

Bedrooms:
1

Bathrooms:
1

Property units in the building / development:
159

Sold:
107

Available:
52

Reference number:
Primus Edge - 41027
Info pack

Condition
excellent

Furnishing
Fully furnished

Type of construction
Brick-built

Bathrooms
Shower box, Fully fitted bathroom

Distance
6km 30km

Distance from the property to major attractions
  • Town center: 6km
  • Airport : 30km
  • Grocery shop: 600 m
  • Stop of the public transport: 800 m
  • Railway station: 6km
Views from the property
  • Town views
Construction
  • Brick-built

Primus Edge is a brand new development with central city location, which will provide individually-designed luxury studio apartments for the next generation of UK and overseas students living in Leicester, part of Leicestershire.

The development will sit on the edge of the De Montfort University campus and the Royal Infirmary. It will be only a short walk from the University of Leicester and De Montfort University, making it a distinctive site that will benefit both students and investors.

Of unrivalled standards, the 159 premium larger than average studio units are placed on 8 floors and are designed to match the current market demand for high-specification accommodation and thus include: en-suite bathrooms, bespoke kitchens with contemporary appliances, and living, study and sleeping areas.

The complex is ideal for rental by students, student accommodation, buy-to-let investment. Primus Edge will be fully managed by the renowned Student Facilities Management, which will provide investors with a 100% hands-off investment.

Services offered in the complex:
Prestigious glass atrium
Hotel-inspired reception
Communal game & IT rooms with computer
Pods & HD television sets
Individual & group study rooms
Bike storage
Laundry room

Key Features of Primus Edge Premium Student Apartments
Central location in Leicester, walking distance to University of Leicester and De Montfort University;
Contemporary design and high-specification finishes throughout
Prices from 73 300 GBP
Fully completed and furnished apartments
8% NET rental yield assured for 5 years
5% interest will be paid on the deposited funds until the build is complete
Assured returns from day 1
Other development by the same investor: Primus Place - another student accommodation project adjacent to Primus Edge. It is now sold out and currently being constructed on schedule, with official opening in 2015, ready for the September intake of students.


Location

This is the approximate location of the property. Please get in contact with us to learn its exact location.

Price list

Management and maintenance

The Management Company on this development will be Student Facilities Management. Student Facilities Management (SFM), are a well known & well respected specialist provider of Student / Postgraduate Halls of Residence Accommodation management, boasting a 100% occupancy rate across 4,000 student beds spaces.
The management charge is 20-22% per year.

Furniture

All studio apartments will be delivered fully-furnished up to a high standard, as follows:
Bedrooms with double beds with built-in storage
Headboard
Wardrobe
Study desk, and desk chair
Samsung or equivalent Wall Mounted TV
Bespoke Kitchenettes with modern appliances
Kitchen Sink, Chrome taps and fittings
2 ring hob
Microwave/Oven
Integrated under counter fridge
High Gloss Kitchen Units
Moisture resistant core, laminate kitchen tops
Living room with HDMI ports / plug sockets for HD TV links
Modern sofa
Laminate flooring
En-suite bathroom, chrome fittings, porcelain sink, shower
Superfast broadband and WI FI connection

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Technical features

1.Laid flat brick soldier for parapet cap detail.
Brick Buff/Grey 65mm.
5mm Bucket Handel joints, Mortar to be Grey in colour to slightly contract with brick.
Built wall sample required for sign off by Client and Architect.

2. Main elevations.
Brick Buff/Grey 65mm.
5mm Bucket Handel joints, Mortar to be Grey in colour to slightly contract with brick.
Built wall sample required for sign off by Client and Architect.

3. Recessed vertical band, with vertical strip between windows (steel support required).
Brick Buff/Grey 65mm.
5mm Bucket Handel joints, Mortar to be Grey in colour to slightly contract with brick.
Built wall sample required for sign off by Client and Architect.

4. External brick wall.
Brick Buff/Grey 65mm.
5mm Bucket Handel joints, Mortar to be Grey in colour to slightly contract with brick.
Built wall sample required for sign off by Client and Architect.

5. Powered coated aluminium window frame Ral 7040. Frame to have thin profile. 50mm max

6. Powered coated aluminium louvre within window frame Ral 7040 (services
behind insulated panel)

7. Powered coated aluminium Cil Ral 7040

8. Aluminium Caped with elements of Cap-Less Curtain Walling Ral 7040. All to line in with winows above
With spandrel glass at door head to hide door equipment.
Feature profile perimeter frame to be 'C' shaped channel, all for sign off by Client and Architect.

9. External Steel Doors Ral 7040 (Some with Vent/Louvers)

10. External Vertical Galvanised Steel Balustrade Ral 7040

11. Bricks to under side of soffit to match external envelope brickwork.
Lighting within soffit. Min 4 Down LED down lights.

12. Dry riser door

13. Signage, to be back light with a white light. Glow affect (detail design TBC)

14. External Lighting. Stainless steel ballads, stainless steel wall lights

*ALL RAL (COLOURS) & MATERIALS TBC BY CLIENT AND APPROVED BY PLANNING

Architecture

Of unrivalled standards, the 159 premium larger than average studio units are placed on 8 floors and are designed to match the current market demand for high-specification accommodation and thus include: en-suite bathrooms, bespoke kitchens with contemporary appliances, and living, study and sleeping areas.

District

Leicester is the 10th largest city in the United Kingdom, home to nearly 45 000 students. With two world-renowned universities - University of Leicester and De Montfort University of continuous rise and a growing number of students, investors and developers can clearly see how the city has become an extremely profitable location, due to the scarcity of supply for its ever growing demand.

With no other student accommodation development in Leicester offering the same level of quality, Primus Edge will provide a high standard of living for students for years to come, and a fantastic opportunity for investors.

The new build development is placed near several local supermarkets, restaurants and pubs. East Midlands Airport is the nearest airport hub, placed only 30 km away from the city.

Plan of construction

The construction of Primus Edge complex will start at the end of May 2015 with the demolition of the existing building that is currently on site. The developers have building permission issued on 15th January 2015. The completion date for the apartments is in August 2016, with the possible students occupation from September 2016.

Payment

Reservation
A studio apartment at Primus Edge Premium Student Apartments complex can be reserved immediately with a non-refundable deposit of 5000 GBP, payable by credit card or by bank transfer. Upon paying the deposit the apartment will be reserved for the period up to the signing of the preliminary contract - within 28 days.

NB! The main price in the Price & Availability PDF file is in GBP. For our clients' convenience we have converted the prices in Euro at 1.40 Euro per GBP. If interested in a certain apartment, please consult the price with the real estate agent in charge.

Payment Plans

Plan A: If taking the 5% monthly interest option
5 000 GBP on reservation
50% on exchange (less reservation fee)
25% 6 months into build (approx. Dec 15)
Remainder on completion (5% rolled up and deducted off the final payment)

Plan B: If you are NOT taking the 5% monthly interest option you will receive a 2,000 off the list price
5 000 GBP on reservation
35% on exchange (less reservation fee)
35% 6 months into build (approx. Dec 15)
Remainder on completion

What are the legal fees?
450 GBP + VAT + Disbursements.
No more than 1 000 GBP total.

Guaranteed rental

A fantastic opportunity for investors from the UK and overseas. This is a completely hands-off investment with a guaranteed rental of 8% for the period of 5 years. The building will be ready to meet students from September 2016 and the first rental income will be paid at the end of Sep 2016. After that payment will be received at the end of each quarter till the end of the 5-year guaranteed rental period.

Worked Example
Gross Sales Value - 77 300 (for a studio with area Sq.Ft - 256 or 24 sq.m)
Anticipated Weekly Rent - 152 for 51 weeks per year (this is the normal period students rent for)
Gross Annual Income - 7 730 (10%)
Service and Management Charge - 1 546 (20% of the rental income)
Net Rental Income - 6 184 (8%)

Additional annual expences: Ground Rent PA is due - 250

Contact

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