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The Nest 9-11 Marble St 25 Unit Dormitory $7,674,444 ($306,978/Unit) 6% Cap Rate Leicester LE1 5XD
INVESTMENT HIGHLIGHTS
- New PBSA block completed for the 2024-2025 Academic Year.
- Prime Leicester city centre location.
- 48 clusters bedrooms.
- Good amenity provision.
- Fully let for the 2024-2025 academic year.
- Unbroken freehold block.
- 61 beds total.
- 13 studio apartments.
- Landscaped courtyard.
EXECUTIVE SUMMARY
Seeking offers of £5,750,000 which reflects approximately £94,000 per bed.
The Nest is a high-quality, newly built Purpose-Built Student Accommodation (PBSA) asset comprising 61 beds, with a mix of 13 studios and 48 cluster beds.
Fully let for the 2024/25 academic year, this investment presents a turnkey opportunity with immediate income security in a prime student location.
The property boasts modern amenities, including a cinema room, high-speed Wi-Fi, fully fitted kitchens with dishwashers, on-site laundry, site security, and a landscaped courtyard, ensuring strong tenant demand and long-term rental resilience.
The building is fully let for the 24/25 academic year producing £493,648 / £8,093 per bed per annum.
The 2025 - 2026 Academic Year Anticipated Core Student Income is £507,000. The Anticipated Net Ancillary Income from the Laundry is £6,000.
The Management and Operating Costs budget is £145,276.
This provides an estimated Net Annual Income for the 2025 - 2026 Academic Year of £367,724. Management and Operational Costs
The Nest is managed by Mezzino. The 2025 - 2026 Academic Year Budget is £145,276 which equates to £2,382 per bed.
The Nest is a high-quality, newly built Purpose-Built Student Accommodation (PBSA) asset comprising 61 beds, with a mix of 13 studios and 48 cluster beds.
Fully let for the 2024/25 academic year, this investment presents a turnkey opportunity with immediate income security in a prime student location.
The property boasts modern amenities, including a cinema room, high-speed Wi-Fi, fully fitted kitchens with dishwashers, on-site laundry, site security, and a landscaped courtyard, ensuring strong tenant demand and long-term rental resilience.
The building is fully let for the 24/25 academic year producing £493,648 / £8,093 per bed per annum.
The 2025 - 2026 Academic Year Anticipated Core Student Income is £507,000. The Anticipated Net Ancillary Income from the Laundry is £6,000.
The Management and Operating Costs budget is £145,276.
This provides an estimated Net Annual Income for the 2025 - 2026 Academic Year of £367,724. Management and Operational Costs
The Nest is managed by Mezzino. The 2025 - 2026 Academic Year Budget is £145,276 which equates to £2,382 per bed.
PROPERTY FACTS
| Price | $7,674,444 | Property Subtype | Dormitory |
| Price Per Unit | $306,978 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6% | Lot Size | 0.13 AC |
| Tenure | Freehold | Building Size | 19,644 SF |
| No. Units | 25 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2024 |
| Price | $7,674,444 |
| Price Per Unit | $306,978 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Tenure | Freehold |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 19,644 SF |
| No. Stories | 6 |
| Year Built | 2024 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Wi-Fi
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Media Center/Movie Theatre
- Study Lounge
- On-Site Security Staff
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 13 | - | - |
| 4+4 | 12 | - | - |
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The Nest | 9-11 Marble St
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