Property description

*For Sale by Auction on 25th May 2022 commencing at 05:00 pm*

Freehold Residential Investment comprised over three floors, approximately 3,134 sq ft of residential accommodation. The property comprises of 12 lettable rooms. Ideal Investment opportunity.

Location
Situated closely to De Monfort University, University of Leicester and Leicester Royal Infirmary the property provides perfect accommodation for students, hospital personnel or professionals due to it's location.

Accommodation
Ground Floor:
Flat 1 - entrance hall, communal lounge / kitchen, shower room with WC, two bedrooms.

Flat 2 (access via Ridley Street) - entrance hall, communal kitchen / diner / living room, four bedrooms, bathroom & washroom.

First Floor:
Flat 3 - hallway, communal lounge / diner / kitchen, shower room with WC, washroom & three bedrooms.

Second Floor - landing, three bedrooms, bathroom & separate washroom.

Tenure
Freehold subject to existing tenancies.

Flat 1 -
Rental Income = £11,400.00 per annum

Flat 2 -
Rental Income = £21,120.00 per annum

Flat 3 -
Rental Income = £36,00.00 per annum

Current Rental Income = £68,500.00 per annum

note: We have been informed that two of the flats are also Let for the next academic year 2022-2023 with the third flat being marketed.

Note
We have been informed the gas, electric & water are included on a fair usage basis and tenants are responsible for over usage (allowance for the utilities is £10.00 per person per week).
The completion date will be on or before eight weeks following exchange of contracts.

Energy Performance Certificate
EPC Rating C.

Solicitors
Birketts llp, Kingfisher House, 1 Gilders Way, Norwich, NR3 1UB
tel: Ref: K.N)
Email:

*Please do not hesitate to contact our office on should you wish to arrange a viewing, request an Auction catalogue or to be placed on our mailing list for future Auctions*

note: Properties can be purchased prior to Auction