Prime location within 200m of Leicester Royal Infirmary and De Montfort University. A well-presented 4th-floor studio flat, forming part of a contemporary, purpose-built block. Let on an AST producing £185 pw.

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Description/Location

High-yielding residential investment. The block is designated student accommodation for occupation by key workers and students. The flat is let on an AST at £185 pw from 14/09/2024 until 25/07/2025 (equivalent to £8140).

Tenure

Leasehold: 250 years from 04/09/2015. Service charge 01/10/2023 - 30/09/2024 £1829.51 pa, ground rent £283.40 pa.
Energy Rating: C
Council Tax: TBC

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.