Block of Apartments
A substantial four storey Victorian building which has been converted into four large residential investment apartments, situated close to the City Centre.
Lounge, Kitchen, Three Bedrooms, Bathroom.
Lounge/Kitchen, Four Bedrooms, Two Bathrooms.
Lounge/Kitchen, Four Bedrooms, Two Bathrooms.
Lounge/Kitchen, Four Bedrooms, Two Bathrooms.
Communal Car Parking on a First Come First Serve Basis.
The apartment benefits from having a gas fired central heating system and the majority of the windows are UPVC double glazed units.
The property is situated in a prime City Centre location close to bars, restaurants, the train station, DeMontford University and The University of Leicester.
The property is Freehold and is being sold subject to the existing tenancies.
All four apartments are fully let to 15 students for the 2017/2018 Academic year. Let until 30th June 2018 at £115 per person per week. Gross rental income over 48 weeks is £82,800. Net income after landlord deducts bills £72,000 per annum
See legal pack for full tenancy details.
Strictly by arrangement with the Agents, Nicholas Humphreys.
Freehold. Subject to tenancy.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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.
