Block of Apartments
A freehold block of 9 apartments in sought after location.
A superb investment opportunity situated in one of Leicesters most desirable suburbs.
A period building which is converted into 9 self-contained apartments. The block is fully let with a combined income of £67,140 per annum and offering a return of around 8.5% against the guide price.
Situated within easy reach of the bars, restaurants and shops of Queens Road along with Victoria Park and Leicester University.
The block has a superb letting history with near 100% occupancy.
One bed studio apartment. Let at £505 per calendar month.
One bed studio apartment. Let at £535 per calendar month.
Large one bed flat. Let at £500 per calendar month.
One bed flat. Let at £560 per calendar month.
Three bed, two bath student let. Let at £1080 pcm.
Two bed flat, with rooftop courtyard. Let at £725 pcm.
One bed flat. Let at £595 pcm.
One bed maisonette. Let at £595 pcm.
One bed flat. Let at £500 pcm.
These sales details are awaiting vendor approval.
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.
