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Block of Apartments for sale

The Leys, 70 Upper Temple Walk, Leicester, LE4 0SW

Sold STC £950,000

Property Description

Key features

  • Excellent investment opportunity
  • Freehold block of 32 self-contained apartments
  • Popular residential location within easy reach of Leicester City centre
  • Site extending to 0.28 acres
  • EPC Rating: please see legal pack
  • Enclosed carpark
  • Excellent income potential

Full description

For sale by auction on Thursday 24th November 2016
At Leicester City Football Club, King Power Stadium, Filbert Way, Leicester, LE2 7FL
Commencing at 11:30 am

Freehold block of 32 self-contained apartments

A rare opportunity to purchase a substantial, purpose built apartment block in a popular and convenient location.

The block offers a total of 32 self-contained, apartments arranged over 7 floors and associated car parking. Total site area of just over 0.28 acres.

10 x One bedroom apartments.
22 x Studio apartments.

The apartments do require some modernisation but would make a great investment. When let the building would generate a rental income of around £143,000 per annum. A potential, genuine return of between 10-15%

There is also the opportunity to sell the apartments off individually. We estimate the combined value of the flats once renovated to be in the region of £1.8million.

The block is well served by local amenities including the impressive Beaumont Leys shopping Centre, leisure centre and numerous schools.

Further amenities can be found in Leicester City Centre which is only two miles away and buses run every ten minutes. Leicester City offers two universities, two large shopping centres and a vast number of bars and restaurants.

The train station is 3 miles away and the motorway network including the M1 and M69 are only minutes away. Nottingham, Derby, Birmingham and two major airports are within 50 minutes drive.


Tenure
Freehold


Viewings
8 November 10:00 - 10:30
11 November 10:00 - 10:30
16 November 10:00 - 10:30

Viewing Details

By arrangement with the auctioneer 0116 254 9654 or can be booked online at www.sdlgrahampenny.co.uk


Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction day. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.


Note

Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.

The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.


*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary.


Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlgrahampenny.co.uk on the sales details page or in the legal pack.



Listing History

Added on Rightmove:
03 November 2016

Map & Street View

Disclaimer - Property reference gp_leicester_1440365_2596. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Graham Penny, Nottingham . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Graham Penny, Nottingham on 01159 588702.


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