Period Property Converted into four self contained flats

A rare opportunity to acquire a prime residential property on the corner of De Montfort Street and Regent Road converted into four self contained flats all let on Assured Shorthold Tenancies with a combined rental income of £22,920. On the ground floor there are two very large one bedroom flats and on the second floor two further large two bedroom flats all with independent gas central heating and separate services. There is car standing for two vehicles. The property is sold subject to the terms of the Assured Shorthold Tenancies in force and is considered an excellent addition to your portfolio or holds potential for redevelopment subject to relevant consents.

Tenure

Freehold

Directional Notes

Leave the city on London Road passing the British Rail train station on your left hand side. Take the second available right hand turn onto De Montfort Street where the property can be identified on the right hand side by the Auctioneer's for sale board.

Flat 1

A well proportioned one bed ground floor flat with it's own separate entrance and gas central heating. There are beautiful large bay windows and original decorative features in each room. The property comprises of: Entrance hall, large lounge, modern fitted kitchen with integrated oven and gas hob, large bedroom and bathroom. Originally let on a 6 month AST from 30/6/2016, which has now rolled over, for £480pcm.

Dimensions

Entrance hall 13'4" x 5'6", lounge 12'8" max into alcove x 14'7" with bay measuring 8'3", Kitchen 10'10" max into bay x 11'3", bedroom 14'6 max into alcove x 20'8" max into bay, bathroom 10'3" x 6'5"

Flat 2

Ground floor flat: Entrance hall, large reception room, fitted kitchen with built in electric oven, bathroom with 3 piece suite and master bedroom with en suite shower room. Courtyard garden. Originally let on a 6 month AST from 13/8/2015 which has now rolled over, for £440pcm

Dimensions

Hall 12' x 8'3", lounge 13'102 x 11'10", kitchen 24'5" x 5', bedroom 11'7" x 10'10", en-suite 8'2" x 5'4"

Flat 3

2 bed first floor apartment. The property comprises: Entrance hall, lounge, dining area, kitchen, two bedrooms and bathroom with shower over bath. Currently let on a 6 month AST from 27/8/2016 for £495 pcm.

Dimensions

Entrance hall, lounge 16'2" x 13'0", dining area 8'6" x 8'5", kitchen 10'10" x 7'3", bedroom one 12'5" x 11'9", bedroom two 16'5" x 7'11", bathroom 11'8" x 6'2"

Flat 4

First floor two bedroom flat benefiting from gas central heating. Comprises: Entrance hall, lounge, kitchen with fitted units and built in electric cooker. Two double bedrooms and a modern bathroom. Originally let on a 6 month AST from 22/2/2016 which has now rolled over for £495 pcm.

Dimensions

Entrance hall, lounge 13'8" x 8'6", kitchen 12'11" x 11'11" max, bedroom one 11'3" x 8'11", bedroom two 12'3" x 7'2", bathroom

Viewings

By appointment with the auctioneers 0116 2227575

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

Brown & Company Solicitors, 4a Church Street, Market Harborough, Leicestershire LE16 7AA, Ref: CS.Cs.CHA0881, Tel: 01858434204

Additional Fees

Administration Charge - £625.00 plus VAT (£750.00)

Disbursements - Please see the legal pack for disbursments

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