Block of Apartments
A large palisaded Villa converted into two, self contained, one bedroom flats.
Situated in a desirable location between Narborough Road and Fosse Road South.
The flats are both let on assured shorthold tenancies at £500 pcm / £6000 per annum and therefore giving an annual income of £12,000 per year.
Scope for rental increase with estimated rental values of £625 pcm each which would give an annual income of £15,000 per annum.
Well placed for a great range of amenities, excellent transport links and being within easy reach of DeMontfort University and Leicester Royal Infirmary Hospital.
A great investment opportunity with income from day one.
Reception Hallway, Lounge, Dining Room, Kitchen, Rear Lobby, Bedroom, Bathroom
Landing, Lounge / Diner, Kitchen, Bedroom, Bathroom
Small garden to front. Side, shared, gated access. Enclosed rear garden.
O2, EE, Three and Vodafone are available in this location.
BT and Sky are available in this location.
Standard 8 mbps. Superfast 155 mbps. Ultrafast 1000 mbps.
Solid brick, as built, no insulation (assumed). Information taken from EPC.
These sales details are awaiting vendor approval.
See Legal Pack. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street, Permit
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
