1 bed Flat For Sale £85,000
Rutland Street, City Centre, Leicester LE1
previous price £80,000

First floor one bedroom apartment available in Alexandra House. Situated in the heart of the cultural quarter only a short walk to train and bus stations. The flat comprises of an open plan living area, kitchen with integrated white goods and a double bedroom. City life will be a dream in this superb stylish apartment with separate bathroom in the heart of the cultural quarter only a short walk to train and bus stations. Adjacent to the Curve Theatre with heaps of great bars and restaurants nearby, your social life will thank you, as will your friends when they visit and experience your modern open plan living with beautiful beige carpets and neutral décor throughout. The property is an ideal first time or investment purchase, and viewing is highly recommended to appreciate the accommodation on offer.
Tenure

The property is leasehold, with over 109 years remaining on the lease.
We have been informed by the owner that the Ground Rent & Service Charges combined are approximately £1006.92 per year.

Investor Information :

Based on a sale at £90000 and a rental income of £545pcm

- 75% loan assuming standard btl loan at 3% (interest only)
- Capital used £23250 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £3508.08 = 14.5% pre tax income on Capital used
*Potential 14.5% Return on capital employed gross (See investor information)

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise.

EPC rating: B.