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Block of Apartments
A substantial building converted to provide five flats which are offered fully let.
The flats are arranged over three floors. There is a garden to the rear and parking to the front.
Offered fully let with a combined income of £29,760 per annum. We believe there is scope for rental increase to circa £35,000 per annum.
Situated in a great letting location with a good range of local amenities and within easy reach of the City Centre, DeMontfort University and Leicester Royal Infirmary Hospital.
Flat 1 - £695pcm - Tenancy started June 18 - 1 Bed flat with garden.
Flat 2 - £435pcm - Tenancy started June 17 - Studio Flat.
Flat 3 - £425pcm - Tenancy started Sept 25 - Studio with bathroom off suite.
Flat 4 - £450pcm - Tenancy started Aug 24 - 1 Bed Flat.
Flat 5 - £475pcm - Tenancy started June 17 - Studio Flat.
Monthly Rent - £2480
Annual - £29,760
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
