Commercial
For Sale by Auction - Thursday 24th October 2013, at Leicester City Football Club, King Power Stadium, Filbert Street, Leicester, LE2 7FL - Commencing at 11.30am
On the instructions of the Joint Administrators of 4 Students LLP, Kirstie Provan and Mark Fry of Begbies-Traynor (Central) LLP.
A three storey building offering excellent investment potential with seven apartments. The apartments are a combination of three, four, five and six beds each with open plan living accommodation. Ideal for student accommodation. If fully let there is the potential of a gross income of £136,000pa.
Accommodation
Arranged over the three storeys there are three three bedroom apartments, two four bedroom apartments, three five bedroom apartments, and one six bedroom apartment offering potentially 38 rooms which have in the past been let to students but are currently vacant.
Location
Leicester is one of the East Midlands major commercial centres located adjacent to the M1 and M69 motorways. The premises are located on Albion Street in the City Centre and are well located for both the City centre and the University.
Tenure
Freehold. Vacant possession on completion.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Upon the Instructions of Joint Administrators
Residential Investment Property
Student Accommodation
Nine apartments, 38 Letable Rooms
Potential Gross Income of £136,000pa
EPC Rating: C to E (see legal pack for individual EPCs)
