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Apartment F19, 41 Grosvenor Gate, Leicester, Leicestershire LE5 0TL

Lot no: 63 Sold at Auction for £65,000
 

Guide Price £59,000+ plus fees

Unconditional with Variable 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 30th May 2024

9.00am
Key Features
  • Two bedroom first floor apartment
  • Stunning Victorian building in popular location
  • Ideal potential buy to let opportunity
  • Communal gardens with parking
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Sold at Auction for £65,000

Apartment

Property Description:

A good size two bedroom, first floor, apartment situated in this period building offering a wealth of charm and character.

The property has high ceilings, stone Mullion windows and benefits from being at the rear of the building with views over the communal gardens. The property also benefits from residents parking.

An ideal potential buy to let opportunity with estimated rental value of £750 per calendar month/£9,000 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Communal Hallway

With stairs to upper floors, secure entry door and doors to the communal, lawned gardens.

Reception Hallway

With intercom system, electric radiator and store cupboard.

Lounge/Diner 5.00m x 4.75m max

With electric radiator, window to side and large bay window overlooking the gardens.

Kitchen - 3.10m x 2.95m

With a good range of base and wall units, sink unit set into work surfaces. Built in oven, hob and extractor. Integrated fridge/freezer and washing machine. Bow window to rear aspect with pleasant views.

Bedroom One - 3.50 x 3.11m

With electric radiator and window to side.

Bedroom Two 3.33m x 3.10m

With electric radiator and window to side.

Bathroom 2.80m x 2.20m

With white suite comprising low flush w.c. wash hand basin and panel bath with shower over. Part tiled walls and window to side.

Outside

Residents car park, bin store and lawned gardens with mature trees.

Leasehold Information

Ground Rent £100 per annum. Service charge of £98 per calendar month. Leasehold - Approximately 106 years remaining. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Construction Material

Standard brick.

Heating Supply:

Electric.

Electricity Supply:

Mains.

Water Supply:

Mains.

Sewerage Arrangements:

Mains.

Broadband:

Standard - 16 mbps, Superfast - 80 mbps, Ultrafast 1000 mbps.

Mobile Phone Coverage

O2, EE, Three and Vodafone available.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£100

Unexpired Years

106

Annual Service Charge

£1,176


Utilities Information
  • Heating Supply: Electric
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Communal



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.