Block of Apartments
Period property converted into three self-contained flats.
The property has been well maintained throughout and all of the flats are self-contained have their own utility supplies.
Flat 2 has been re-let as of December at an increased rent of £495 PCM and therefore the total rental income will be £15,660 per annum. There is possible scope for rental increase and the current market estimated rent is approximately £16,500 per annum.
Well situated within the thriving West End city suburb, being well served for an array of everyday local amenities along Narborough Road and nearby Braunstone Gate, Fosse Park retail shopping, the Motorway networks & City Centre.
Accessed to the rear of the building and located on the first floor, one bedroom flat currently let for (£495pcm)
Accessed to the rear of the building via a fire escape and located on the second floor and currently let at £400pcm
The property benefits from a rear garden with additional outside store
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
