Call the team on 0116 222 7575 for more information
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
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.