14 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold
- Retail unit / 14 self contained flats / part investment
- Guide price: £875,000 £895,000
Location:
The property occupies a prominent corner position in a pedestrianised area of the city centre near, opposite NatWest Bank and near to Highcross Shopping Centre. Neighbouring retailers include WHSmith, Sports Direct, Boots, Poundland and The Works.
Description:
A substantial property comprising a ground floor retail unit of approximately 601 sqft on Market Place Approach and 14 self contained flats. The flats are well presented, have an en-suite shower room, electric heating, double glazing and are separately metered.
Tenure
Leasehold: 125 years from 27.07.14, with 115 years remaining.
Ground Rent: £14,000 pa approx.
Service Charge: Nil.
Solicitors
Nelsons, Provincial House, 37 New Walk, Leicester LE1 6TY
[use Contact Agent Button] ~ Ref: J Coningsby
Accommodation GROUND FLOOR & BASEMENT UNIT ACCOMODATION SQFT (SQM) EPC AST RENT £ PAX Retail Unit601 (55.8)pendingvacant FIRST FLOOR11 bed388 (36)69, C12 months from 30.05.20237,14021 bed511 (47.5)68, D8 months from 01.10.20238,70031 bed377 (35)72, Cvacant4Studio307 (28.5)72, C6 months from 31.08.20237,20051 bed561 (52.1)71, C10.10.2023 - 09.04.20249,000 SECOND FLOOR 61 bed377 (35)67, D16.05.2023 - 31.05.20247,199.8871 bed452 (42)68, D12 months from 12.09.20238,70081 bed366 (34)72, C12 months from 05.04.20237,8009Studio334 (31)71, C6 months from 27.11.20237,50010Studio377 (35)73, C27.10.2021 - 28.02.20246,600 THIRD FLOOR 111 bed517 (48)62, D01.09.2023 - 01.04.20248,700121 bed366 (34)70, C26.04.2023 - 25.05.20247,80013Studio334 (31)68, DCommencing 19.06.20176,00014Studio377 (35)66, DCommencing 01.07.20196,600Current Rental Income98,939.88LESS: Annual ground rent payment 14,000 Current Net Rental Income 86,189.88Estimated Rental Income 109,900
Places of interest
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