Studio flat
A purpose designed student apartment in a well facilitated development.
The flat is offered fully let and is fully managed by a single letting company which manages the block. So it is a fully hands off investment as they look after letting, managing, accounting etc.
The block has a communal gym, games room, kitchen, laundry and landscaped courtyard gardens.
The flat is let at approx. £145 per week / £7395 per year over a 51 week year on pooled income.
Fees for utilities, communal area and managing are directly deducted.
Well placed for easy access to DeMontfort University, the City Centre and Narborough Road bars and restaurants.
Lease - 240 Year remaining.
Service Charge - Approx £2150 per annum
Ground Rent - £850 Per annum
Flat:
Open plan Lounge/Bedroom / Kitchenette.
En-Suite Shower Room
Communal Areas:
Secure Reception Hall
Gym
Lounge / Games Room
Laundry Room
Kitchen
Landscaped Gardens
Photos and floorplans are for illustrative purposes only as each apartment may differ slightly.
These sales details are awaiting vendor approval.
Rivers and Seas - Medium, Surface water - Low
O2, EE, Three and Vodaphone available at this location
BT, Sky and Virgin available at this location
Standard - 7 mbps, Superfast - 71 mbps and Ultrafast- 1000 mbps
We have not been provided with all the leasehold information. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Subject to tenancy.
£850
240
- Heating Supply: Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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.
