Residential Investment. Student Studio flat.

*******FOR SALE BY PUBLIC AUCTION 14th NOVEMBER 2024 AT 2.00PM. REGISTER TO BID****** An excellent investment vehicle within a block of purpose-built student accommodation serving both Leicester University and de Montfort University. Leasehold student studio flat with en suite. Communal gym, dance studio, and common room. Held on a 250-year lease first granted 01/10/2015, with 242 years unexpired. There is a sublease to the student management company which expires on 30th September 2026 providing a gross rental income of £7395.00 per annum. See legal pack for full lease details.

Tenure

See Legal Pack

Please see the legal pack for any disbursements listed that may become payable by the buyer.

Communal Hall

Ensuite Studio Flat

5.48m x 4.10m Combined, lounge/bedroom. Kitchenette area, and large ensuite shower room.

Tenure

The property is held on a 250-year lease first granted 01/10/2015, with 242 years unexpired. There is a sublease to the student management company which expires on 30th September 2026 providing a gross rental income of £7395.00 per annum. See legal pack for full lease details.

Disbursements

Please see the legal pack for any disbursements listed that may become payable by the buyer.

Buyer's Administration Fee

Buyers will be required to pay an auction administration fee of £1,200 inc VAT

Consumer Protection Legislation

These sales details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our sales details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the purchaser for verification. The measurements are carried out in accordance with the RICS and ISVA code of measuring practice.

Energy Efficiency Rating (EPC)

Current Rating B

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

Additional Fees

Administration Charge - £1500 inc VAT payable on exchange of contracts.

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