1 bed Flat For Sale £140,000
King Street, Leicester, LE1

Offered with No Upwards Chain and priced competitively for an immediate sale, a one bedroom first floor apartment situated at The Cotton Mill, a Grade ll listed former Victorian factory sympathetically restored into 41 spectacular loft-style apartments on the fringes of New Walk. The Cotton Mill was converted in 2003 by English Heritage maintaining its original Victorian facade whilst having a stylish and contemporary interior with exposed brickwork, wooden beams and high ceilings. The property would make an ideal first time home, an excellent addition to any buy to let portfolio with a predicted rental income of £775 - 800PCM or alternatively a comfortable family home for those looking to downsize into single level accommodation whilst being positioned nearby to an extensive range of local amenities.

The building is accessed through a secure fob and intercom system to the front whilst the living accommodation, in brief, comprises an entrance hallway that opens to a large open plan living/dining/kitchen area, a separate three piece family bathroom and a double bedroom. The kitchen is equipped with a four ring gas cylinder hob, concealed extractor hood, integrated washing machine and dishwasher. With dual aspect original and beautifully restored sash windows to both the side and rear aspect, the expansive living space is bright and airy accommodating various free-standing furniture. A double bedroom is positioned to the far end of the floorplan complemented with a further sash-window to the side aspect. A three piece family bathroom completes the accommodation on offer. Readily available on-street parking can be found directly opposite/nearby to the apartment complex alongside an NCP car-park only a short walk away.

Leasehold details:

89 years remaining on the lease as of June 2022.
Service charge: £1027.40 per year.
Ground rent: £150.00 per year.
Butlins Management Group are the management company associated with the building.

Location:

The Cotton Mill is positioned on King Street which sits between the fringes of New Walk and Leicester city. An extensive range of boutique bars, restaurants and independent shops can be found only a short distance away whilst a more comprehensive range of local amenities can be found in Leicester city centre directly. The nearby suburbs of Clarendon Park and Stoneygate are only a short distance away with a further range of independent shops, bars and highly regarded public and private schooling alongside convenient access to Leicester train station with direct trains to London St Pancras in a little over an hour.

Vendor comments:

" This is a converted Victorian factory in an excellent location on the doorstep to Leicester city and New Walk. We like the open plan living/dining area the apartment has, the elevated ceilings, exposed brickwork and the metal support columns provides an attractive living space. "