Description
Residential Investment. Student Studio flat.
FOR SALE VIA ONLINE AUCTION ON MONDAY 18TH MARCH AT 1PM UNTIL TUESDAY 19TH MARCH 1PM.
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.
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.
Tenure: See Legal Pack
EPC Rating: B
Tenure
Leasehold. The property is held on a 250 year lease from 01/10/2015 (thus approximately 242 years unexpired).
Lot Type
Residential Investments
EPC Rating
B
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.
Administration Charge
Buyers will be required to pay an auction administration fee of £1,200 inc VAT
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- Studio
- Tenure: Leasehold. The property is held on a 250 year lease from 01/10/2015 (thus approximately 242 years unexpired).
- Unconditional (Immediate Exchange)
Call the team on 0116 222 7575 for more information
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