Other
*UNSOLD AT AUCTION. AVAILABLE AND OPEN TO OFFERS*
A unique investment sale, a most substantial and skilfully extended residence, divided into five self-contained apartments with four, 2 bedrooms and one, 1 bedroom having individually high specification and spacious accommodation returning a gross annual income of £28,880 representing a yield of 8.2%. All the apartments are currently let out on an assured shorthold tenancy with a retained income.
In more detail the apartments comprise -
No. 31: Let at £525.00 pcm: Entrance to hallway, cloakroom, open plan living dining kitchen, two double bedrooms with en-suite bathrooms, gas centrally heated and double glazed. No. 31a: £375.00 pcm: first floor apartment with shared decking area, stairs rising to the apartment with hallway/dining area, open plan living dining kitchen, double bedroom and shower room, electric wet central heating and double glazed. No. 31b: £475.00 pcm: first floor apartment with shared decking area, hallway, open plan living dining kitchen, two double bedrooms and bathroom, gas centrally heated and double glazed. No. 31c: £550.00 pcm: ground floor apartment to the rear with decking area, open plan living dining kitchen, lounge with two double French doors leading to the decking area, inner hallway leading to two double bedrooms, en-suite bathroom and principal bathroom, gas central heating and double glazed. No. 31d: £475.00 pcm: First floor apartment with shared decking area, T shaped hallway, open plan dining kitchen, lounge, two double bedrooms, the master bedroom with en-suite shower room, main bathroom. All the apartments have parking to the rear and communal dustbin store.
Apartment 31 - £525.00 per calendar month
Access from the front via PVC leaded light front door.
Impressive Main Hallway
With two radiators, tiled floor, LED lighting.
Cloakroom 7' 0'' x 5' 5'' (2.13m x 1.65m)
With white suite comprising low flush wc with dual flush, pedestal wash hand basin with mixer taps, mirror and light over, heated chrome towel rail, fully tiled to the walls and floors, LED lighting and extractor fan.
Open Plan Living Dining Kitchen 21'3'' x 15'6'' (6.47m x 4.72m)
Multi paned PVC sealed double glazed windows to the front and side, three radiators, wood laminate flooring throughout, kitchen comprises: one and a half plus stainless steel sink unit with mixer taps, built into L shaped granite effect preparation work surfaces with matching tiled splashbacks, built in four ring gas hob, oven, extractor, integrated dishwasher and washing machine, upright fridge freezer appliance space, breakfast bar, comprehensive series of wood fronted and chrome handled base cupboards and drawers, matching eye level units over, one housing the gas fired boiler, servicing the central heating and hot water system, LED spotlighting.
Double Front Bedroom 21' 8'' x 12' 10'' (6.60m x 3.91m)
Multi paned PVC sealed double glazed windows to the front, two radiators, recess deep wardrobe cupboard with hanging facility, shelving and electric light, sliding doors.
En-suite Bathroom 11' 3'' x 9' 8'' maximum to shower recess (3.43m x 2.94m)
Panelled bath with chrome mixer taps, low flush WC, pedestal wash hand basin with mirror and light over, double shower cubicle with sliding glass doors and pressurised shower, extractor fan over, fully tiled to walls, heated chrome towel rail, LED spotlighting.
Double Bedroom Two12' 2'' x 14' 0'' (3.71m x 4.26m)
Multi pane PVC sealed double glazed windows to the side, radiator.
En-suite Bathroom 7' 8'' x 7' 0'' (2.34m x 2.13m)
White suite comprising: panelled bath with chrome mixer taps, telephone shower and range shower, glass screen door, low flush WC with dual flush, pedestal wash hand basin, mirror and light over, tiled floor, fully tiled to walls, extractor fan.
NB
Apartment has wired through smoke alarms and main fire alarm link to all apartments.
Apartment 31a - £375.00 per calendar month
Communal Stairs
Leading to shared decking area into communal hallway.
Entrance Door
With stairs rising to the apartment, velux sealed double glazed roof window and access into:
Dining Hallway 7' 7'' x 10' 5'' (2.31m x 3.17m)
Velux sealed double glazed roof windows to the front, radiator.
Open Plan Living Dining Kitchen 16' 5'' x 10' 5'' overall (5.00m x 3.17m)
With velux sealed double glazed windows to the front and rear, wood laminate flooring, tv point, LED spotlighting to the sloping ceiling, one and half plus drainer stainless steel sink unit built into granite effect worktops, built in ceramic hob, oven under, extractor over, washer dryer and fridge, series of wood cupboards with chrome handles, radiator.
Double Bedroom
Velux sealed double glazed roof windows either side, LED lighting, radiator, storage into roof eaves.
Cupboard
Housing the wet electric boiler.
Shower Room 7' 5'' x 5' 2'' (2.26m x 1.57m)
With white suite comprising: shower cubicle with pressurised shower, pedestal wash hand basin with mixer taps and mirror and light over, low flush WC with dual flush, tiled floor, velux sealed double glazed roof window, heated chrome towel rail.
Outside
Decking area shared with the other apartments at first floor level, allocated parking space to the rear.
NB
Apartment has wired through smoke alarms and main fire alarm link to all apartments.
Apartment 31b - £475.00 per calendar month
Communal Stairs
Leading to shared decking area.
Communal Hallway
PVC door with side panel, leaded light PVC front door into:
Superb Main Hallway
With radiator, wood laminate flooring, tunnel lighting.
Open Plan Living Dining Kitchen
L shaped, three velux sealed double glazed roof windows, multi pane PVC sealed double glazed window to the rear, enjoying views across Shepshed, two radiators, wood laminate flooring, kitchen area comprises: one and half plus drainer stainless steel sink unit built into L shaped granite effect preparation work surfaces with matching splashbacks, built in four ring gas hob, oven, extractor, washer dryer and dishwasher, series of wood and chrome base cupboards and drawers, tray section and towel section, matching eye level units over, one housing the gas fired boiler servicing the central heating and hot water system, LED lighting and wired through smoke alarm.
Double Rear Bedroom One
Multi pane PVC sealed double glazed windows to the rear, radiator, velux sealed double glazed roof window and directional spotlights.
Double Side Bedroom Two
Multi pane PVC sealed double glazed windows to the side, radiator, velux PVC sealed double glazed roof window, recess wardrobe cupboard with sliding front doors and hanging facility.
Bathroom
White suite comprising: panelled bath, chrome mixer taps, telephone shower and range shower, folding glass screen, low flush WC with dual flush, pedestal wash hand basin with chrome taps, fully tiled to walls, heated chrome towel rail, wall mounted mirror and light, velux sealed double glazed roof window, extractor fan, tiled floor.
Outside
Decking area shared with the other apartments at first floor level, allocated parking space.
NB
Apartment has wired through smoke alarms and main fire alarm link to all apartments.
Apartment 31c - £550.00 per calendar month
Accessible via open decking area with leaded light PVC door to:
Open Plan Living Dining Kitchen 21' 0'' x 12' 10'' (6.40m x 3.91m)
One and a half plus drainer stainless steel sink unit with swan mixer taps, built into L shaped granite effect preparation work surfaces with matching splashbacks, built in four ring gas hob, oven under, extractor over, dishwasher and washing machine, comprehensive series of wood fronted and chrome handled base cupboards and drawers, matching eye level units over, one housing the gas fired boiler servicing the central heating and hot water system, two radiator, two velux sealed double glazed roof windows, LED lighting, tiled floor, upright fridge freezer appliance space. Square archway through to:
Rear Lounge 17' 8'' x 16' 10'' (5.38m x 5.13m)
Wood laminate flooring, two radiators, PVC sealed double glazed patio doors on to the rear decking, LED lighting.
Inner Hallway
With radiator.
Master Double Bedroom17' 6'' x 14' 6'' (5.33m x 4.42m)
With multi pane PVC sealed double glazed window to the side, two radiators, double fronted recess wardrobe cupboard with sliding doors, directional spotlights.
En-suite Bathroom10' 8'' x 5' 8'' (3.25m x 1.73m)
White suite comprising: panelled bath with mixer taps and head shower, glass screen, pedestal wash hand basin with mirror and light over, low flush WC with dual flush, tiled floor, heated chrome towel rail, extractor fan and lighting.
Double Bedroom Two13' 10'' x 11' 0'' (4.21m x 3.35m)
Double fronted recess wardrobe cupboard with sliding doors, radiator, multi pane PVC sealed double glazed window to the side and velux sealed double glazed roof window, directional chrome spotlights.
Bathroom7' 10'' x 7' 8'' (2.39m x 2.34m)
With white suite comprising panelled bath with chrome mixer taps, head shower, glass screen, low flush WC with dual flush, pedestal wash hand basin with mixer taps, mirror and light over, heated chrome towel rail.
Outside
Decking area to the rear, allocated parking space to the rear.
Apartment 31d - £475.00 per calendar month
Communal Stairs leading to shared decking area into:
Communal Hallway
With wood laminate flooring, two radiators, LED lighting.
Lounge16' 3'' x 11' 10'' (4.95m x 3.60m)
Multi pane PVC sealed double glazed window, radiator, wood laminate flooring, LED lighting.
Open Plan Dining Kitchen15' 5'' x 11' 0'' (4.70m x 3.35m)
Multi pane PVC sealed double glazed windows to the side and rear, one and a half plus drainer stainless steel sink unit with swan mixer taps built into L shaped granite effect preparation works surfaces with matching splashbacks, built in four ring gas hob, oven under, extractor over, integrated dishwasher, upright fridge freezer appliance space, two breakfast bars, tiled floor, two radiators.
Double Bedroom10' 5'' x 12' 0'' (3.17m x 3.65m)
Recess wardrobe cupboard, radiator.
En-suite Shower Room 6' 5'' x 8' 5'' plus recess to shower (1.95m x 2.56m)
T shaped, Shower cubicle, pedestal wash hand basin with mixer taps, mirror and light, low flush WC with dual flush, heated towel rail, tiled floor, extractor fan, LED spotlighting.
Double Bedroom Two11' 8'' x 9' 6'' (3.55m x 2.89m)
Multi pane PVC sealed double glazed windows to the front, radiator, double fronted recess wardrobe cupboard with sliding doors, directional spotlights to the ceiling.
Bathroom8' 8'' x 8' 3'' (2.64m x 2.51m)
Comprising: panelled bath with mixer taps, pressurised head shower, glass screen panel, pedestal wash hand basin with mixer taps, low flush WC with dual flush, heated chrome towel rail, fully tiled to walls with mirror and light, tiled floor, obscure glass PVC sealed double glazed windows to the side, LED spotlighting and extractor fan.
Outside
Decking area shared with the other apartments at first floor level, allocated parking space to the rear.
Location
The apartments lay towards the centre of Shepshed village with amenities catering for all day to day needs with Tesco and Asda, excellent access to the industry centres within the region via the road networks with the M1 Motorway nearby.
Agents view
Agents View: The property offers a rare opportunity for an investment purchaser to acquire five high quality, individual spacious apartments with a ready retained income. Internal inspection is highly recommended by the selling agents.
NB
Apartment has wired through smoke alarms and main fire alarm link to all apartments.
Solicitor
Mr Bhavesh Mistry of Hawley & Rogers, 01509 230333
Tenure
Freehold. Subject to tenancies.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
UNIQUE INVESTMENT OPPORTUNITY
Substantial residence divided into five self-contained apartments
All let on ASTs producing £28,880 per annum
All gas centrally heated and double glazed
EPC Ratings: 31- B, 31a- B, 31b- C, 31c- C, 31d- B
