fbpx

Studio Flat in Leicester

18 Hollybank Court, 193 London Road, Stoneygate, Leicester, Leicestershire LE2 1ZF

Lot no: 3 Property type: Studio flat Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £55,000+plus fees Result Sold at Auction £69,000



A third floor apartment in this purpose built block located on London Road. Only yards away from Victoria Park and a few minutes walk to the City Centre, Queens Road, Leicester University and the Train Station.

Property Description

The property would make an excellent buy to let investment and was recently let out at £425 pcm / £5100 per annum and therefore give a return of over 9%. The block is well maintained throughout with secure entry, clean communal areas, lift to all floors, bike store, clothes drying area, ample parking with secure electric gates and lovely lawned gardens. The flat is all electric and in good order with recent, UPVC double glazing, under floor heating and is south facing. The property is leasehold but comes with a share of the Freehold which means no ground rent is payable and that increasing the lease can be done with no other cost other than the legal costs. Service Charge approx. £24 PCM.

Communal Reception Hallway

With secure entry door, stairs and lift, private front door leading to:

Reception Hall

With door to all rooms and airing cupboard / storage space and laminate wood flooring.

Lounge / Bedroom 3.75m x 3.42m

With laminate wood flooring and south facing window overlooking the communal gardens.

Kitchen 2.40m x 2.10m

With base and wall units, space for appliances, sink unit, and window to the rear overlooking the gardens.

Bathroom

White suite comprising Low Flush W.C. wash hand basin, panel bath with new electric shower over, part tiled walls and window to the rear.

Outside

Secure electric gates give access to a large car park with communal parking. There are lovely, well maintained gardens along with a secure bike shed and clothes drying area.

Tenure

Leasehold. Vacant possession upon completion.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction 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 the auction. 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.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*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, 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. 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 the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

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 cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.