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Flat 15, Wellington Court, 4 Rutland Street, City Centre, Leicester, LE1 1RA

Lot no: 20 Sold at Auction for £104,000
 

Guide Price £85,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Friday 6th October 2017

11.30am
Key Features
  • City Centre Apartment
  • Two Bedrooms
  • Excellent Investment Opportunity
  • Potential returns of over 8%
  • EPC Rating: F
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Sold at Auction for £104,000

Apartment

Property Description:

The apartment is light and airy with vaulted ceilings and is in perfect condition throughout and ready to move into.

A great location to let to professionals or could be let to two students as it is close by to DeMontfort University.

Potential rental income circa £7500 per annum.

Communal Reception

With both lift and stairs to all floors.

Reception Hallway
Lounge/Kitchen

4.21m x 4.01m. With a modern range of base and wall cupboards, built in oven, hob, extractor, dishwasher and freezer. Sink unit and roll top work surfaces. Electric wall heater

Bedroom One

3.88m x 3.26m. With vaulted ceiling, T.V point, electric wall heater and two windows to the front aspect.

Bedroom Two

3.33m x 3.33m. Window to the rear aspect, electric heater and T.V point

Bathroom

With three piece modern suite comprising low flush w.c. wash hand basin and panel Jacuzzi bath with shower over.

Store

On the landing there is a useful secure walk in store cupboard.

Lease Details

99 Year lease.
Service charges approx. £50 pcm.

Tenure:

Leasehold. Vacant possession upon completion.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

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 auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s 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
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.