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412 Narborough Road, Leicester, LE3 2FR

Lot no: 5 Sold Prior to Auction for £0
 

Guide Price £200,000+ 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.

Thursday 9th August 2018

11.30am
Key Features
  • Three self-contained flats
  • Situated within a popular location
  • Fully let with a rental income of £21,120 per annum
  • 10% return
  • EPC Rating: E, D
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Sold Prior to Auction for £0

Block of Apartments

Property Description:

A three storey Villa which has been converted to three self-contained flats.

Currently let with a combined rental income of £21,120.

Good order throughout with emergency lighting and fire alarm system.

Each flat has its own utility supples.

Located in a desirable location along Narborough Rd close to shops, take-away’s, schools and parks and giving easy access to the City Centre, Fosse Shopping Park and the Motorway network.

Communal Entrance Hall-
Flat One - Ground Floor

Lounge 12'4" x 11'5"
Kitchen 9'4" x 11'9"
Bedroom One 14'5" x 12'11"
Bedroom Two 12'11" x 9'9"
Bathroom with full suite.

Flat Two - First Floor

Lounge 14'11" x 11'3"
Kitchen 12'6" x 5'6"
Bedroom One 12'11" x 11'3"
Bedroom Two 11'3" x 9'5"
Bathroom with full suite

Flat Three - Top Floor

Hall
Lounge/Bedroom 16'2" x 12'2"
Kitchen 12'11" x 5'9"
Bathroom with full suite.

Outside

Small fore-garden and good size communal gardens to the rear.

Tenure:

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 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.