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Queen Street Quarter 21 Queen St 232 Unit Apartment Building For Sale Leicester LE1 1QD
Investment Highlights
- Freehold residential portfolio comprising 232 apartments spread across two buildings.
- Stable income stream with 95% occupancy and attractive rental growth history.
- 141 parking spaces, including EV charging stations, available at a premium.
- Located within Leicester city center, providing direct access to retail, leisure, and cultural offerings.
- Comprehensive suite of amenities, including fitness facilities, pool, games room, and resident lounge.
- Walking distance to Leicester Railway Station with direct links to London in approximately one hour.
Executive Summary
Queen Street Quarter represents a rare opportunity to acquire a fully stabilized freehold residential investment in the heart of Leicester. The property comprises 232 modern apartments arranged across two significant buildings: The Rowley Building, a character warehouse conversion, and 18–19 Queen Street Quarter, a contemporary block. Offering a mix of studios, one- and two-bedroom units, this scheme delivers proven income and strong rental growth potential.
With 95% occupancy and a robust tenancy base, the asset is underpinned by an estimated rental value of approximately £2.56 million per annum, with current passing rent at £2.3 million. Residents benefit from exceptional on-site amenities including a gym, swimming pool, yoga studio, games room, and communal lounge and dining areas. The property also includes 141 car parking spaces, incorporating electric vehicle charging stations.
Its prime city center location places Queen Street Quarter within walking distance of Leicester’s primary retail, leisure, and cultural amenities, as well as Leicester Railway Station, providing fast connections to London. Strong local rental growth trends and an economically active population reinforce long-term value, making this an exceptional core-plus investment with further asset management upside.
With 95% occupancy and a robust tenancy base, the asset is underpinned by an estimated rental value of approximately £2.56 million per annum, with current passing rent at £2.3 million. Residents benefit from exceptional on-site amenities including a gym, swimming pool, yoga studio, games room, and communal lounge and dining areas. The property also includes 141 car parking spaces, incorporating electric vehicle charging stations.
Its prime city center location places Queen Street Quarter within walking distance of Leicester’s primary retail, leisure, and cultural amenities, as well as Leicester Railway Station, providing fast connections to London. Strong local rental growth trends and an economically active population reinforce long-term value, making this an exceptional core-plus investment with further asset management upside.
Property Facts
| Sale Type | Investment | Building Class | B |
| Tenure | Freehold | Lot Size | 2.00 AC |
| No. Units | 232 | Building Size | 105,706 SF |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.56/1,000 SF |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 232 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 105,706 SF |
| No. Stories | 8 |
| Year Built | 1950 |
| Parking Ratio | 0.56/1,000 SF |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Fitness Center
- Pool
- Car Charging Station
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Contacts
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Mike Gorman -
Ben Watson
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Peter Besant
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James Dunne -
Farah Shah -
Cushman & Wakefield
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Queen Street Quarter | 21 Queen St
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