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Property for sale in -Freehold Block Of Apartments For Sale-

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Property - £920,000

-Freehold Block Of Apartments For Sale-

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First listed on: 14th September 2015

Nearest stations: Leicester (0.5 mi)Narborough (2.9 mi)South Wigston (3.5 mi)Syston (4.8 mi)Sileby (6.9 mi)

Interested in this property? Call See phone number 01162291021

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Property Features

  • Offers in the region of 920,000
  • Freehold Apartment Building
  • 9 Apartments
  • 66,857 Income Per Annum
  • 7.26 % Yield

Property Description

  • Offers in the region of £920,000 -
  • Freehold Apartment Building -
  • 9 Apartments -
  • £66,857 Income Per Annum -
  • 7.26 % Yield -

Reliance Properties is pleased to offer this contemporary freehold block of 9 luxurious apartments located in the City Centre within close proximity to two universities, professional firms and the Leicester Royal Infirmary. This block was professionally designed and developed to a high standard in 2005/6. The accommodation provides a range of one, two and three bedroom apartments with the benefit of a lift and a basement car park with allocated parking spaces. The property is very popular and has been fully let over the last 5 years with a waiting list of tenants.

GENERAL INFORMATION

The 9 apartments at the property range from 578 square feet to 907 square feet. The Site Area is a total of 0.073 Hectares / 0.180 Acres. The property is currently fully let.

Total Current rental income per annum is £66,857. The vendor prefers to sell with tenants in situ.

The property also benefits from:

  • Basement Parking Lot with 12 spaces available, accessible through electric gates -
  • One lift reaching all the floors -
  • Double Glazing -
  • Electric Heating -
  • Furnished Flats -
  • CCTV -
  • FOB Entry System -

APARTMENT SCHEDULE

Flat Num

Beds

Bathrooms

Sq Ft

 

 

 

 

 

 

 

1

2

2

802

2

1

1

585

3

1

1 + Extra WC

581

4

3

2

906

5

1

1

584

6

1

1 + Extra WC

578

7

3

2

907

9

2

2

866

11

1

1

709

 

 

 

 

TOTAL MONTHLY RENTAL

£5,571.45

 

 

TOTAL % YIELD

7.26 %

 

 

 

DIRECTIONAL NOTE

From outside the Holiday Inn on St. Nicholas circle, turn in an easterly direction into Peacock Lane in an easterly direction into Peacock Lane & almost immediately turn right into Southgates. Just before Southgates merges with Vaughan Way, turn left into Friar Lane and “Osborne House” can be found on the right hand side.


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Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
14/09/2015 Property listed at £920,000

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Disclaimer

Disclaimer Property reference 12125LE3_6008781. Details are provided and maintained by Reliance Properties. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Reliance Properties

52 Narborough Road

Leicester

Leicestershire

LE3 0BR

Telephone: See phone number 01162291021

Disclaimer

Disclaimer Property reference 12125LE3_6008781. Details are provided and maintained by Reliance Properties. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

Reliance Properties

52 Narborough Road

Leicester

Leicestershire

LE3 0BR

Telephone: See phone number 01162291021

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