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3 Orchard Street, Leicester, LE1 3UG

Lot no: 3 Sold Prior to Auction
 

Guide Price £85,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Friday 27th March 2020

11.30am
Key Features
  • City Centre Location
  • Parking Space
  • Great Condition Throughout
  • Ideal Investment Property
  • EPC Rating: F
  • Let at £5,100 per annum
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Sold Prior to Auction

End of terrace house

Property Description:

An unusual, freehold property situated within the city centre.

Only a minute to the great range of shops, bars and restaurants within the city.

With the added benefit of a parking space situated in a car park opposite the house.

A converted building, being of a brick construction with a slate roof over.

The property comprises of one bedroom with the advantage of a further mezzanine room. The house is in great order throughout and has electric heating and UPVC double glazing.

Currently let at £425 pcm / £5,100 per annum.

Scope for rental increase with estimated rent at £550 pcm / £6,600 per annum.

A superb addition to any rental portfolio.

In more detail:

Ground Floor
Reception Hallway

With stairs rising to the first floor.

Bedroom 4.66m x 4.14m max

With electric heater and two windows to the front aspect.

Shower Room

Having a white suite comprising low flush w.c. wash hand basin, walk in shower cubicle, fully tiled walls and floor inset ceiling spot lights and extractor fan.

First Floor
Lounge / Kitchen 4.65m x 4.14m

Open plan living space with a modern kitchen housing base and wall units, sink, rold top work surfaces, integrated oven, hob and extractor, electric heater and 2 windows to the front aspect.

Mezzanine Floor 4.63m x 2.40

Offering space for occasional bedroom, study or reading area

Outside

Parking space

Tenure:

Freehold.


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.