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Flats A & B, 70 Cavendish Road, Aylestone, Leicester, Leicestershire LE2 7PH

Auction Event
 

Guide Price £235,000+ plus fees

UnconditionalOn 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 27th February 2025

9.00am
Key Features
  • Council Tax Band: A
  • Coach House Conversion
  • Comprising 2x Duplex Apartments
  • Fully Let at £18,300 per annum
  • Exposed Brickwork and Cathedral Ceilings
  • Courtyard to front and rear
  • Great Letting Location
  • Freehold Investment
  • EPC Rating: D C
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Block of Apartments

Property Description:

A superb 4 storey Coach House conversion containing 2x Stunning Duplex Apartments. Over 1750 sqft of accommodation.

Offered freehold and fully let on an assured shorthold tenancies with a combined income of £18,300 per annum.

The property offers superb features including exposed brickwork, original timbers and Cast Iron columns, spiral staircase and Cathedral ceilings.

Situated in a quiet and tucked away location to the rear of number 68 Cavendish Road. The property is accessed via double gates and benefits from courtyard gardens to the front and rear aspects.

Well placed for a host of local amenities including shops, parks and good schooling and giving easy access to the City Centre and Motorway network.

There is scope to easily convert the ground floor apartment to 2 bedrooms.

Each flat has its own meters/ utilities and therefore splitting and selling separately is an option. Each apartment has Gas Central Heating and UPVC double glazing.

An ideal buy to let investment with income from day one.

Flat A- Let at £750 pcm

Covering the first and second floor / mezzanine. Open Plan lounge/Diner/Kitchen well fitted bathroom and Mezzanine Bedroom.

Flat B- Let at £775 pcm

Covering the ground and lower ground floors. Hallway / Utility Room, Open Plan Lounge/Kitchen/Diner, Cloakroom / w.c.. Large Bedroom on lower floor with EnSuite. This bedroom could be converted in to 2 bedrooms.

Outside

Gated access leads to a block paved front forecourt garden. To the rear there is a further private block paved courtyard garden access of the lower flat.

Flood Risk

Rivers and Seas - Medium. Surface Water - High.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.

Satellite and Cable TV Availability

BT and Sky are available in this location.

Broadband (estimated speeds)

Standard 16 mbps. Superfast 78 mbps. Ultrafast 1000 mbps.

Construction Material

Solid brick, with internal insulation. Information taken from EPC.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Subject to tenancy.


Utilities Information
  • Heating Supply: Double Glazing, Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

On Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

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.