Part finished Conversion to form 14 flats

This former public house has been partially converted to form eleven one bedroom apartments and three large bedsits. The property has been extended and re-roofed. The internal block work and partitioning is completed and a new electrical supply has been installed. A straight forward project to conclude the conversion. Excellent yield if retained in your portfolio or you could create ground leases and sell off.

Tenure

Freehold

Accommodation

The property has planning consent for the conversion to eleven one bedroomed flats and three large bedsits. The application was granted on 25th June 2013. The plans and consent can be viewed on the Leicester City Council planning portal quoting planning application number 20130132

Conversion

Works have commenced for the conversion of the property and remain part finished. No warranty can be given that the works carried out have been completed to the relevant standards. Buyers should seek to establish for themselves, what further works are required.

Directions

The property is best approached from Bolton Road. If travelling towards the city Bolton Road can be accessed from the Hinckley Road and if travelling from the city, the best approach is from Glenfield Road.

Viewing

By appointment with the Auctioneers. Tel: 0116 222 7575

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Leicester City Council

Solicitors

Rich & Carr Solicitors, Assurance House, 24 Rutland Street, Leicester, LE1 1RD, Ref: Mr J Coffee, Tel: 0116 253 8021

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £750 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.