Block of Apartments
The Unit has its own private access fronting Humberstone Road which in turn gives access to all 7 apartments. There are a total of six large studio flats and a one bedroom apartment. The apartments are just being completed and are finished to a high standard throughout. They are situated in a part of the city which is undergoing redevelopment and in a popular letting location.
It is well placed for all amenities of the city centre and in a popular area for student letting.
Income will be £53,0000 when fully let. We understand one apartment is currently let and will be sold subject to tenancy, producing an income of £600 pcm.
A great investment which requires no further capital spending and with a great income from day one.
Walking times-
- 7 Mins – Leicester Central Train Station – (one hour to St Pancras)
- 10 Mins De Montfort University
- 15 Mins – Leicester University
- 1 Min – Art House Cinema
- 2 Mins – Curve Theatre / Cultural Quarter
- 4 Mins – M&S & Highcross Indoor Shopping Centre
In brief it comprises-
With intercom and secure access.
Leasehold. Part let/part vacant.
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.
