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Residential Development
A superb freehold investment opportunity comprising of 15 Student letting rooms located within the city centre.
This period building now houses four cluster flats offering a total of fifteen student letting rooms. Offered let and in good order throughout and having modern decor, kitchens and bathrooms and coming fully furnished.
Flat One - Three Bedrooms
Flat Two - Four Bedrooms
Flat Three - Four Bedrooms
Flat Four- Four Bedrooms
Situated in a desirable location withing Leicester City and offering letting opportunity to both University of Leicester and DeMontfort University Students.
Current Income circa £55,000 per annum.
Internally the property comprises of entrance hallway, three double bedrooms, electric heating, one shower room and a spacious lounge/modern fitted kitchen/diner area.
Internally the property comprises of entrance hallway, four double bedrooms, electric heating, two shower rooms and a spacious lounge/modern fitted kitchen/diner area.
Internally the property comprises of entrance hallway, electric heating, four double bedrooms, two shower rooms and a spacious lounge/Modern Fitted Kitchen/diner area.
Internally the property comprises of entrance hallway, electric heating, four double bedrooms, two shower rooms and a spacious lounge/Modern Fitted kitchen/diner area.
Please be advised that, whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
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.
