1 bedroom Ground floor flat in Leicester

Apartment B1, 1 Grosvenor Gate, Leicester, Leicestershire LE5 0TL
  • Lot No: 13
  • Property Type: Ground floor flat
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £59,000+ plus fees

Result Sold Prior to Auction

Property Description

A well proportioned apartment forming part of this landmark, period conversion. The apartment is located to the rear of the building on the ground floor. It is in generally good order throughout and benefits from a modern kitchen and bathroom, electric heating and allocated parking. Situated in a highly regarded location which has plenty of local amenities, a lovely park only yards away and good local schooling. An ideal buy to let investment with an estimated rental value of £500 per calendar month/£6,000 per annum and offering a gross return of 10% at the current guide price. A great addition to any rental portfolio. There may be possible scope for conversion to two bedrooms, subject to any required permissions. We are informed there is a long leasehold with approx. 111 years remaining. Please see legal pack for further information.

Communal Hallway

With secure entry door and intercom system.


Reception Hallway

A spacious hallway with access to bathroom, bedroom and lounge/diner. Electric radiator and intercom.


Lounge / Diner 4.60m x 4.35m

A spacious room with electric radiator and two arched windows to the side aspect.


Kitchen 3.55m x 2.65m

With a modern range of base and wall units. Sink unit, integrated oven, hob and extractor. Work surfaces and windows to three aspects.


Bedroom 4.35m x 2.80m

With two arched window to the side aspect.


Bathroom 4.38m x 2.14m

A spacious bathroom comprising low flush wc, wash hand basin and panelled bath. Part tiled walls, airing cupboard and window to the rear.


Outside

Communal areas including gardens and bin store along with parking space. There is a park only a few yards away.


Information

We are informed by the seller of the following information but would advise interested parties to check the legal pack. Lease - approx 111 years remaining. Ground Rent- £200 per annum. Service charge - £73 per month.


Tenure

Leasehold


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.