Block of Apartments
The property has undergone a full refurbishment over the last year including re-wiring, gas central heating, double glazing, refitting of kitchen and bathrooms, plastering and décor. Each apartment has its own utility supply and meters.
The property also has a modern, fully compliant fire alarm system.
The apartments are fully let to students of the University of Leicester and give an annual rental income of £30,888 per annum until June 2020.
The property is already let for the 2020-2021 academic year at an increased rental of £35,880 per annum. Deposits have already been taken for the 2020-2021 academic year.
Great condition throughout and situated in a perfect location close to Leicester University, London Road, city centre, Victoria Park and the train station.
The sale includes all kitchen appliances and white goods including ovens, hobs, washer/dryers, fridge freezers and all furniture including beds, wardrobes, desks and shelving.
Each apartment has an EPC rating of C.
The property is well maintained throughout and has electrical and gas safety certificates along with compliant fire alarm system and emergency lighting.
In brief comprises-
With tiled floor and meter cupboard.
Let at £198 per week.
Refitted kitchen and shower room, gas central heating and UPVC double glazing.
Let at £198 per week.
Refitted kitchen and shower room, gas central heating and UPVC double glazing.
Let at £198 per week.
Refitted kitchen and shower room, gas central heating and UPVC double glazing.
A paved forecourt with side passage to an enclosed and secure rear yard with useful timber store / workshop.
Freehold.
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.
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