32 bed Flat For Sale £1,300,000
Marquis Court, Blaby Road/Fairfield Street, South Wigston

*A Rare Freehold Opportunity* An exciting opportunity to purchase an investment portfolio of 19 individual apartments, consisting of 32 bedrooms, located in South Wigston, Leicestershire.

Being one of the most recognisable buildings in South Wigston dating back to the 1890s and now in receipt of the prestigious 'Blue Plaque' by Wigston Civic and Historical Societies.

Formally known as the 'Marquis of Queensbury' and originally built as a hotel with a ballroom on the first floor before being converted into a public house and subsequently into 19 individual apartments.

The property currently has 13 Vacant Flats, with 4 Let on Assured Shorthold Tenancy Agreements and 2 Let on a rolling tenancy.

Once renovated, this property should circa an income between £160,000 - £170,000 per annum once fully LET on Assured Shorthold Tenancy Agreements.

There is a basement with access via the communal area. This is used solely for storage purposes. The outside space is a cobbled courtyard space, which has access from the internal communal door and the double gates located Fairfield Street on the right hand side of the property.

The 1 Bedroom flats will achieve £700-£750 per calendar, once renovated

The 2 Bedroom flats will achieve £750-£800 per calendar month, once renovated

Location - The property is located in South Wigston, Leicestershire. It is conveniently located to local supermarkets, South Wigston Train Station, Local Schooling including Primary & High Schools as well as South Leicestershire College and close to Fosse Shopping Park.

Method Of Sale - Method Of Sale - The properties are currently held in a private limited company at it is the intention of the vendors to sell 100% as freehold.

Lease, Ground Rent & Service Charges - There is no lease attached to the property, ground rent or any service charges. The buyer will be purchasing the full freehold title.

Council Tax Banding - All 19 Flats have a council tax band A.

Energy Performance Rating - 3 of the flats have an EPC Rating B

2 of the flats have an EPC Rating C

9 of the flats have an EPC Rating D

3 of the flats have an EPC Rating of E