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15, Cedar Road, LE2 1FG

Lot no: 30.0 Sold at Auction for £86,500
 

Guide Price £60,000 plus fees


Tuesday 19th March 2013

12.00am
Key Features
15 Cedar Road, Leicester LE2 1FG
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Sold at Auction for £86,500

Detached House

Property Description

DRAFT DETAILS

For Sale By Auction - Tuesday 19th March 2013

At East Midlands Conference Centre, University Park, Nottingham, NG7 2RJ - Commencing at 11.30 am

Popular residential location

Investment property with four letting rooms

Currently producing £8688 p.a. gross with scope to increase

Being sold on behalf of Joint LPA Receivers

Energy Efficiency Rating: E

The auctioneers have not inspected the property but believe it to comprise:

A mid terraced property with side entrance, situated on Cedar Road, which is in walking distance of Evington Road, London Road and Leicester University. The property has previously been let with 4 letting rooms, shared kitchen and bathroom.

We have been informed that 3 rooms are currently producing a rent of £8,688 p.a. gross although we have not had the opportunity to verify the tenancy information.

Tenure

Freehold. Sold subject to any tenancies which may exist.

Conditions Of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Note

Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.

The sale of each lot is subject to a buyers contract handling fee of £500 plus VAT payable on the fall of the hammer.

Tenure: