End of Terrace
For sale by auction – Wednesday 7th May 2014
At Leicester City Football Club, King Power Stadium, Filbert Street,
Leicester LE2 7FL
Commencing at 11.30 am
A substantial end terrace villa located on the corner of Sykefield Avenue and Beaconsfield Road. The property has been converted to provide two self -contained flats.
The ground floor comprises of a one bedroom flat in excellent order and is currently rented at £400 pcm. First floor is a two bedroom flat which is currently vacant and requiring some modernisation. The property has a small garden and parking to the rear and is located close to an excellent range of local amenities and makes a superb addition to any rental portfolio. The property benefits from UPVC double glazing and each apartment has its own separate utilities.
This offers an excellent investment opportunity as the property is being offered with a tenancy agreement in place, on the ground floor apartment, with the tenant being in situation for approximately 13 years and the opportunity to modernise the first floor apartment into a good sized two bedroom flat. Which we would expect to let at £500 pcm.
In brief the accommodation comprises of:
Ground Floor Flat
Reception hallway with original tiled floor, lounge (4.19m x 3.29m) with window to the front, dining room/potential bedroom two (3.85m x 2.87m), kitchen (3.3m x 1.8m), bedroom one (3.65m x 4.10m) and bathroom with low flushing wc, wash hand basin and panel bath with shower over. The flat also benefits from gas central heating.
First Floor Apartment
Having its own entrance door, off Beaconsfield Road, comprising of stairs and landing, lounge (4.3m x 4.35m) with gas fire and window to the front, breakfast kitchen (3.5m x 2.9m) with window to the side, bedroom one (3.35m x 2.80m), bedroom two (2.45m x 2.21m), bathroom with low flushing wc, wash hand basin and panel bath.
Externally the ground floor apartment has its own private enclosed garden and to the extreme rear of the property is a driveway providing parking for one vehicle.
Directions
The property is best approached by leaving Leicester on the main A5460 Narborough Road, turning right into Westcotes Drive, proceed over Fosse Road continuing along Westcotes Drive then turning left onto Sykefield Avenue. The property can then be found on the left hand side on the corner of Beaconsfield Road as indicated by agents for sale board.
Tenure
Freehold subject to tenancies.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers fee of £750 (including VAT) payable on the fall of the hammer.
End villa
Converted into two flats
Ground floor let at £400 pcm
Off road parking to rear
Excellent investment
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