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Apartment 87, The Horizon, 2 Navigation Street, Leicester, Leicestershire LE1 3UN

Lot no: 102 Postponed
 

Guide Price £64,000+ 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 26th October 2023

10.00am
Key Features
  • One Bed Apartment
  • Stunning Views
  • Balcony
  • Let at £7500 per annum.
  • Great Investment Buy
  • EPC Rating: C
  • Council Tax Band: C
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Postponed

Apartment

Property Description:

A one bedroom apartment with stunning views. Let at £625 pcm.

The property is located in the landmark Horizon building on the edge of Leicester city centre. Offered in good condition throughout and currently let to a good, long stanading tenant at £625 pcm / £7500 per annum.

A great investment with income from day one.

Th ebuilding has a secure entrance with large lobby. A concierge service Monday to Friday and a lift to all floors.

The private balcony has some amazing, far reaching views.

An ideal addition to any rental portfolio.

Communal Reception

With secure door entry and intercom system. Post box space. Concierge desk, the concierge is there Monday to Friday which is a really useful service to residents.

Reception Hallway

With electric heater, intercom and doors to Lounge/kitchen, bedroom and bathroom.

Lounge / Kitchen / Diner 6.40m x 3.60m approx

Having a range of kitchne units with work surfaces over. Inset sink, integrated oven and hob and space for appliances. WIndows to two aspects and patio doors opening onto the balcony.

Balcony

With some stunning far reaching views and a great place for dining.

Bedroom 3.40m x 2.90m approx

With electric heater and window.

Bathroom

With modern suite comprising low flush w.c. wash hand basin and panel bath with shower over. Tiled walls and flooring.

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:

Leasehold. Subject to tenancy.

Ground Rent

£150

Unexpired Years

133

Annual Service Charge

£2,602



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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers 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.