5 bed Flat For Sale £325,000
St. Philips Road, Leicester

*FOR SALE BY PUBLIC AUCTION 16TH NOVEMBER 2023 2.00PM. REGISTER TO BID*
An excellent investment opportunity to purchase the freehold of a substantial semi-detached house converted to form five self-contained studio flats. In a sought-after location in Leicester.
All five flats are let on assured shorthold tenancies with a gross annual income of £26,760. At the time of publishing, flat 4 is vacant and a new tenant is being sought and a new tenant is moving into flat 5 on 28th November on a six month tenancy at £550 pcm. There is a communal gas central heating system which serves heating and hot water for all the flats. The property stands on the corner of Kimberley Road and St Philips Road. There are communal gardens and a detached garage which may hold the potential for further extension to create additional apartments.

Flat 1 - Ground floor studio. Hall, Lounge/Bedroom 4.45m x 3.64m, Kitchen 3.03m x 1.87m, Shower room 2.60m x 1.58m Let at £400 pcm on a rolling contract.

Flat 2 - Ground floor studio. Hall, Lounge/Bedroom 4.58m x 4.26m, Kitchen 1.69m x 2.20m, Shower room 3.29m x 1.58m Let at £430 pcm on a rolling contract.

Flat 3 - First floor studio. Lobby, Lounge/Bedroom 4.58m x 3.66m, Kitchen 2.13m x 2.32m, Shower room 2.13m x 1.73m Let at £500 pcm. 6 month contract from 25/08/23

Flat 4 - First floor studio. Lounge/Bedroom 4.56m x 3.64m, Kitchen 2.31m x 2.22m, Shower room 1.66m x 2.23m Let at £400 pcm. Notice has been given and a new tenant is being sought at a rent of £450.

Flat 5 - First floor studio. Lobby, Lounge/Bedroom 5.32m x 4.57m, Kitchen 2.38m x 3.04m, Shower room 2.53m x 1.67m Let at £550 pcm on a 6 month tenancy from 28th November 2023.

Outside - There are communal gardens to the rear and a detached brick garage.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the buyer.

Buyers Administration Fee - Buyers will be required to pay an auction administration fee of £1,200 inc VAT

Tenure - The property is being sold freehold subject to the assurred shorthold tenancies in place, upon completion. FIXTURES AND FITTINGS - All the items mentioned in these sales details are to be included within the purchase price. SERVICES - None of the services, fitting or appliances (if any) heating installations, plumbing or electrical systems have been tested by the selling agents, neither have the telephone or television points.

Consumer Protection Legislation - CONSUMER PROTECTION LEGISLATION - These sales details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our sales details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the purchaser for verification. The measurements are carried out in accordance with the RICS and ISVA code of measuring practice.