Mid-terraced House
*Guide Price: £275,000+
For sale by auction – Thursday 29th January 2015
At Leicester City Football Club, King Power Stadium, Filbert Street,
Leicester LE2 7FL. Commencing at 11.30 am
Brief Description
Large investment property with accommodation arranged over 5 floors. Offering a 9 bedroom HMO and a self-contained basement flat. The property is in excellent condition throughout and located close to the City Centre, London Rd, Victoria Park, the Train Station and Leicester University. Rarely do these properties come to the market.
The property, when fully let, would bring in a rent of around £40,000 per annum and therefore a gross return of 14%.
Ground Floor
Entrance Lobby
Entrance Hall
Large Kitchen- Modern Units and ample appliances
Communal Lounge
Bedroom 1
First Floor
Landing – with access to fire escape
Bathroom
Shower Room
Laundry Room
Bedroom 2
Bedroom 3
Bedroom 4
Second Floor
Toilet
Bedroom 5
Bedroom 6
Bedroom 7
Third Floor
Bedroom 8
Bedroom 9
Basement Flat
The modern basement flat can be accessed both externally and from the communal hallway and comprises-
Hallway with utility room off.
Open plan Lounge/Kitchen with modern kitchen units and window to the front aspect.
Bedroom with window to the rear aspect.
Bathroom with a modern white suite and shower over bath
Tenure
Freehold with vacant possession.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
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 fee of £750 (including VAT) payable on the fall of the hammer.
Large Investment Property
9 Bed HMO
Basement Flat
Potential income circa £40,000 per annum
EPC: E
