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Fosse Road North, Leicester, LE3 5RS

PROPERTY TYPE

Block of Apartments

BEDROOMS

5

BATHROOMS

4

SIZE

5,018 sq ft

466 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Large Character Property
  • Two Self Contained Flats
  • Approximately 5000 sqft of Accommodation
  • Brilliant investment Opportunity
  • Cellar
  • Outside Space
  • Previously used as a Community Club
  • Bar
  • Versatile Accommodation
  • Must Be Viewed to Fully Appreciate

Description

A UNIQUE OPPORTUNITY WITH SIGNIFICANT POTENTIAL

Located on Fosse Road North, close to Leicester city centre, this impressive and versatile property presents a fantastic opportunity for a variety of uses. Previously used as a community centre and hub, the property offers spacious and characterful accommodation, two self-contained flats and further potential for development, subject to the necessary consents.

Offered for sale by auction, this is an opportunity not to be missed.

The main property is accessed via a large entrance hallway, with an impressive grand staircase immediately catching your attention. To the right is a fantastic bar area, while straight ahead is a substantial room which has previously been used for social gatherings and games. There is also a further large room on this floor, with access to a kitchen and a store room.

From the entrance hallway, a door leads down to a particularly large cellar, providing excellent additional storage. There is also access from the hallway to the outside.

Upstairs, the property continues to offer generous accommodation. There are separate ladies' WC facilities, an office overlooking the courtyard and a large library.

Also on this floor is a spacious self-contained flat, offering a large lounge, generous kitchen, bathroom and double bedroom. The flat also benefits from its own hallway, complete with a feature window.

Outside, the property benefits from a private courtyard area, which can be accessed via double gates, providing useful outdoor space and access to the additional accommodation. There a gents WC accessed from the courtyard. 

ADDITIONAL SELF-CONTAINED ACCOMMODATION

There is also a separate self-contained building, accessed from Fosse Road North and known as 366A Fosse Road North. This currently provides a ground-floor flat comprising a lounge, bedroom, bathroom and kitchen, with additional access to the courtyard.

Externally, stairs lead to a further room above. Currently used as a large store room, this space offers exciting potential for conversion to create an additional flat, subject to the relevant planning and building regulations.

With its prominent position, impressive proportions, character features and versatile accommodation, this is a property that offers a wealth of possibilities. Whether continuing its existing use, creating a number of self-contained units or exploring alternative opportunities, the potential is clear.

Properties of this nature rarely come to the market, and with the added benefit of being offered by auction, early viewing is highly recommended.

 

 

 

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).


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


A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.


The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.


Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Fosse Road North, Leicester, LE3 5RS

Approximate location

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Affordability

Monthly repayments£1,505
Property: £ 300,000
Deposit: £ 30,000
Interest rate: 5.33%
Term: 30 years
Powered byNatwest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
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About Riva Lily, Powered by eXp, Rothley

23a Woodgate, Rothley, LE7 7LL

Leicestershire Estate Agents specialising in marketing beautiful homes.

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Disclaimer - Property reference S1817398. 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 Riva Lily, Powered by eXp, Rothley. 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.

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 Riva Lily, Powered by eXp, Rothley on 0116 216 5614.

*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.”

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