Block of Apartments
A substantial end-terraced property arranged as two self contained flats, recently renovated to an exceptional standard by the current owners, offering accommodation over three floors and generating an impressive £27,600 in yearly rental income.
The current owners have recently taken the property back to brick and completely refurbished to include new electrics, new plaster, new plumbing, 3 boilers, decorating and new luxury flooring.
This block of two self contained flats are set out as a 1 bedroom G/F flat and a 3 bedroom duplex flat over the 1st and 2nd floors.
The property sits in a great letting location close to the centre of Leicester and within a thriving and extremely sought after area. Close to the University Campus, Leicester Royal Infirmary and a wide range of amenities, shops, bars and restaurants. This is a superb BTL location for a forward thinking investor.
The property has been converted to provide a one bedroomed flat to the ground floor and a large three bedroomed duplex flat over the first and second floors.
It appears each flats has its own utility supplies and all window and doors are of uPVC double glazing. Communal hallway with doors to both apartments.
The current rental income of £27,600 equates to an impressive yield against the guide price of 14%.
Ground Floor Flat -
Let at £900 per calendar month.
Accommodation comprises: Reception Hall, Lounge, Kitchen, Bedroom, Bathroom.
Duplex Flat -
Let at £1,400 per calendar month.
Accommodation comprises: Landing, Lounge, Kitchen, Bedroom One, Refitted Shower Room, Further wc, Bedroom Two and Bedroom Three. Outside is an enclosed rear garden.
Construction Material: Standard brick. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.
Freehold. Subject to tenancy.
- Heating Supply: Gas
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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 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.
