Metropolitan Apartments, Lee Circle, Leicester, LE1

Kings are excited to bring this amazing investment opportunity located on Lee Circle within the Metropolitan Apartments building found in Leicester City Centre. This is a one-bedroom apartment located on the second floor with a simple but spacious layout consisting of a bathroom, kitchen and open plan living, dining and bedroom space. As the property is located in the city centre this makes it an ideal purchase for either first time buyers looking to get onto the property ladder or investors looking to expand their portfolio, the location is ideal as it is within walking distance to a number of local amenities including shops, shopping centre, pharmacies, bus routes and a number of places of worship. 

The apartment building is accessed via a fob/intercom system adding extra security to the building and as you enter the building you are initially introduced to a well-presented lobby area with a front desk, a secure mail location and access to either the elevator or stairway. The flat itself is located on the second floor and is accessed via a second door which can only be accessed via a fob. As you enter the flat you are initially welcomed by an entrance hallway providing access to the bathroom, kitchen, storage cupboard and open plan living space. The bathroom is found to the right as you enter the flat consisting of a shower, toilet, sink and tiling throughout. The kitchen is located directly in front of you as you walk in offering enough space for a small dining table and consists of hardwood flooring, fitted worktops and storage cupboards and an integrated oven/hob. 

At the end of the hallway you gain access to the main living space in the property which is an open plan living room, dining area and bedroom. The living/dining space consists of hardwood flooring, wall mounted radiators, multiple double-glazed windows and is separated from the bedroom via an opening. The bedroom is a double bedroom but is open plan with the living space consisting of hardwood flooring, wall mounted radiator and access to an integrated wardrobe.

This property is one not to miss out on due to the number of benefits it holds including gas central heating, minimal work required, a high percentage on rental return, secure car park, secure access protocol and is available by appointment only. Call Kings now !!!!

Lease Length - 104 years 

Annual Ground Rent - £250

Service Charge - £2100 pa 

Current Rental Income = £9,000 pa = 9% ROI 

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation

Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information

Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase

price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the

Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the

service is taken. 

Payment varies but will be no more than £450. These services are optional.

Property Info 

Living Room: 6.34m x 4.96m (20’10” x 16’3”) – sizeable living and dining space consisting of hardwood flooring, wall mounted radiators, multiple double-glazed windows and is separated from the bedroom via an opening.

Bedroom: 4.27m x 3.03m (14’ x 9’11”) – double bedroom but is open plan with the living space consisting of hardwood flooring, wall mounted radiator and access to an integrated wardrobe.

Kitchen/Diner: 4.44m x 2.04m (14’7” x 6’8”) – located directly in front of you as you walk in offering enough space for a small dining table and consists of hardwood flooring, fitted worktops and storage cupboards and an integrated oven/hob.

Bathroom: 2.28m x 1.69m (7’6” x 5’7”) – family bathroom consisting of a shower, toilet, sink and tiling throughout.