Block of Apartments
A substantial, three storey, end-terraced property which is arranged as two self contained flats.
The property has a good history of letting and formerly comprised of 3 x one bedroomed flats.
It is now converted to provide a one bedroomed flat to the ground floor and a large three bedroomed duplex flat over the first and second floors.
Finishing works are required and there is scope to be returned to three flats, subject to any required permissions.
It appears each flats has its own utility supplies and all window and doors are of uPVC double glazing.
Estimated rental value of £15,000 - £18,000 per annum.
Well placed for local amenities along with the bars and restaurants on Narborough Road and within easy reach of Leicester Royal Infirmary.
With doors to both apartments.
Reception Hall, Lounge, Kitchen, Bedroom, Bathroom.
Landing, Lounge, Kitchen, Bedroom One, Refitted Shower Room, Further wc, Bedroom Two and Bedroom Three.
Enclosed rear garden.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
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 Variable 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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers 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 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.
