•For Sale By Online Auction – Date 21st – 22ndNovember 2018
•Guide Price: £87,500+
•Excellent buy-to-let opportunity -potential rental income of £700 pcm (£8,400 pa)
•Spacious and well-presented two bedroom apartment
•Long Leasehold (over 100 years) – sold with vacant possession
The apartment is located in the newer built annex to the rear of the building on the fourth floor. The entrance hallway leads through to the open plan living / kitchen area.
The apartment is ideally situated within an imposing converted late Victorian former warehouse on Rutland Street in the heart of Leicester city centre.
Nearby amenities include an excellent array of local and national shops located within the Haymarket Shopping Centre, just a five minute walk from the property. There are also numerous bars and restaurants all within an easy walk from the property making the area of the city particularly popular with young professionals attracted to the vibrant city lifestyle.
Leicester mainline station is only 10 minutes walk from the property, proving good access to Nottingham in the north and London to the south. Leicester is also well served with an excellent road network including the M1 and M69 motorways linking the major cities of the midlands.
The kitchen has a range of integrated white goods and electric cooker. Patio doors from the lounge provide access to the balcony overlooking Wimbledon Street to the rear.
The master bedroom located at the front of the property has the benefit of an en-suite shower room and fitted wardrobes. The second bedroom also has access to the balcony. The main bathroom is fully tiled with shower over bath.
72 m2 (775 ft2)
Measurement taken from the EPC register
The property is leasehold – length of lease TBA, however this is in excess of 100 years.
The ground rent is currently £250 pa and the service charge is approximately £2,700 pa
The property is subject to council tax band B. The rate payable for 2018 / 2019 is £1,377 pa)
2% (min. £3,600) inc. VAT
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion
We expect the property could achieve a rent in the region of £700 pcm (£8,400 pa). This represents a gross yield of 9.6% based on the guide price. Leicester has seen reasonably strong house price growth recently, and we expect this to continue, particularly given that the proposed HS2 will be passing near the region.