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27-31 Somerset Avenue, Stadium Estate, Leicester, LE4 0JX

Lot no: 25.0 Recently Sold at Auction for £306
 

Guide Price £245,000 plus fees


Wednesday 18th November 2015

12.00am
Key Features
Mixed Use Investment Property
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Recently Sold at Auction for £306

Detached House

Property Description

A superb opportunity to purchase a freehold building comprising of a large shop/hairdressing salon to the ground floor and 2 x two bedroom flats to the first floor.
There is also a side driveway and rear yard.

The property is fully let out with a total income of £28,280 per annum.

The property is well located on the North side of the City in a densely populated residential area close to the Ring Road, A50, A6 and gives easy access to the motorway network.

Ground Floor

Large sales shop and hairdressing salon.

Let on a long lease till December 2025 at a rent of £17,000 per annum.

First Floor

Flat 1 – Two bedroom flat let at £425 pcm.

Flat 2 – Two bedroom flat let at £515 pcm.

Rear yard/garden

Side gated access leads to the rear.

Viewing details
By appointment with the auctioneers - 0116 254 9654

Feature 1

Mixed Use Investment Property

Feature 2

Large Shop/Hairdressing Salon

Feature 3

Two Flats to First Floor

Feature 4

Fully Let. Rental Income of £28,280 Per Annum

Feature 5

Superb Investment with over 11% Yield

Feature 6

EPC Rating: TBC

Tenure: