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38a and 38b Adderley Road, Clarendon Park, Leicester , Leicestershire LE2 1WB

Lot no: 27 Sold Prior to Auction
 

Guide Price £215,000+ 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.

Thursday 25th August 2022

10.00am
Key Features
  • Investment Opportunity
  • Two x One Bed Flats
  • Highly Desirable Location
  • Fully Let
  • Great Buy to Let
  • EPC Rating: D,C
  • Council Tax Band: A,A
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Sold Prior to Auction

Flat

Property Description:

DRAFT DETAILS

A bay fronted property which has been converted to Two x One bedroom flats.

The property is offered fully let at a combined rent of £10,500 per annum. Estimated current rental value of £15,000 per annum. Please see tenancy agreements within the legal pack for further information.

Situated in a highly desirable location close to the shops and bars on Queens Road, Leicester University and Victoria Park.

Each flat has its own access and there is a shared garden to the rear.

A superb buy to let investment in great location.

38A Adderley Road- Ground Floor Flat

Let at £395 per calendar month
Reception Hallway
Lounge / Diner
Bedroom
Inner Hallway
Kitchen
Rear Lobby
Bathroom

38B Adderley Road- First Floor Flat

Let at £480 per calendar month
Ground Floor Hallway
Landing
Lounge / Diner
Bedroom
Kitchen
Bathroom

Outside

Small garden to the front. <br>Enclosed rear garden.

Tenure:

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 (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

Guide Price & Reserve Price

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.