17 bedroom flat for saleLondon Road, Leicester, Leicestershire, LE2 1EG
Sold STC £1,100,000
- New Development
- Student Accommodation
- 7 Studios
- 10 En-Suite Bedrooms
- Communal Lounge
- Open Plan Kitchen
- Rental Income £102,960
- E.P.C. Rating B
SUPERB STUDENT INVESTMENT OPPORTUNITY - FULLY LET FOR 2017/2018 - A NEW PURPOSE BUILT 17 BED STUDENT DEVELOPMENT WITH HMO LICENCE situated within walking distance of Leicester University, Leicester Train Station, the City Centre & an array of everyday amenities can be found locally. This purpose built development provides student accommodation over three floors and briefly comprises 7 self contained Studios with en-suite shower/wc, 10 en-suite bedrooms and a large communal Lounge with open plan fitted Kitchen. Rental of £102,960 per annum with Yield of 9.4%. EARLY VIEWING HIGHLY RECOMMENDED (The ground floor retail section does not form part of the sale). EPC Rating B
Entrance area with lift and stairs to all floor:
FIRST FLOOR STUDIOS
10 Studio flats each with open plan bedroom / lounge / kitchen & en-suite shower/wc:
4 En-suite Bedrooms, Large Communal Lounge / Fitted kitchen:
COMMUNAL LIVING AREA
THIRD FLOOR BEDROOMS
6 En-suite Bedrooms:
EN-SUITE SHOWER ROOM
TENURE - LEASE DETAILS
Long Lease: 999 years from May 2015
Ground Rent: £50 p/a
Service Charge & Insurance: TBC
(The ground floor retail section does not form part of the sale).
Leicester University: 0.25miles
De Montfort University: 2.0 miles
ESTIMATED RENTAL VALUE
The accommodation is currently let for 2017/18 academic year as follows:
Studios £135 pppwk (inclusive of bills)
En-suite bedrooms £120 pppwk (inclusive of bills)
Based on 48 week let, would produce a gross rent of £98,880 p/a
Provisional Rating D
FIXTURES & FITTINGS
Upvc double glazing throughout, automated lighting, fitted wardrobes / desks, ceramic tiled en-suite shower rooms with wc, individually timed heating controls and fully furnished, including Queen size beds:
Thinking of selling? We would be delighted to provide you with a free market appraisal/valuation of your own property. Please contact Barkers to arrange a mutually convenient appointment on Tel: 0116 270 9394
We are unable to confirm whether certain items in the property are in fully working order (i.e. gas, electric, plumbing etc.) The property is offered for sale on this basis. Prospective purchasers are advised to inspect the property and commission expert reports where appropriate. Barkers Estate Agents have a policy of seeking to obtain any copy guarantees / invoices relating to works that may have been carried out by a previous or existing owner. Please ask one of our staff members to check files for any relevant documentation that have come to our attention.
Photographs are reproduced for general information and it must not be inferred that any items shown are included in the sale with the property.
Under the Protection Against Money Laundering and the Proceeds of Crime Act 2002, we must point out that any successful purchasers who are proceeding with a purchase will be asked for identification i.e. passport or driving licence or recent utility bill. This evidence will be required prior to solicitors being instructed in the purchase of the sale of a property.
Barkers Estate Agents offer the services of an independent mortgage and financial adviser. Please ask an advisor for further information.
Viewing strictly by appointment through Barkers Estate Agents.
Hours of Business:
Monday to Friday 9am -5.30pm
Saturday 9am - 4pm
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