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Flats 1-3, 5 Batten Street , Aylestone , Leicester, Leicestershire LE2 7PA

Lot no: 27 Postponed
 

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 25th May 2023

10.00am
Key Features
  • Block of Three Flats
  • Fully Let
  • Income £11,400 per annum
  • Rear Vehicle Access / Parking
  • All Self Contained
  • EPC Rating: D, D, C
  • Council Tax Band: A
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Postponed

Block of Apartments

Property Description:


A block of 3 self contained apartments.

This double fronted property offers 1x two bedroom flat and 2x one bedroom flats, arranged over two floors. There is a rear garden and also vehicle access to the rear.

Each flat is self contained with its own meters / utility supplies.

Offered fully let to long standing tenants at a combined income of £11,400 per annum. Scope for rental increase. Estimated current rental value £ £17,000 per annum.

Well placed and having a good range of local amenities. Excellent links to the City Centre, Fosse Shopping Park and the Motorway network.

Thought suitable as an ideal buy to let with income from day one.

Flat One - Let at £250 pcm

Hallway, Lounge, Kitchen, Bedroom, Rear Lobby, Bathroom

Flat Two - Let at £350 pcm

Hallway, Lounge, Kitchen, Bedroom, Rear Lobby, Bathroom

Flat Three - Let at £350 pcm

Hallway, Landing, Lounge, Kitchen, Bedroom 1, Bedroom 2, Bathroom

Outside

Rear garden with patio and seating area. Shared side driveway leads to potential parking area, currently used as gardens.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

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 (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.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

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.