FOR SALE BY AUCTION: Wednesday 15 Jul 2020


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112 Fosse Road South, Leicester, LE3 0JT

Sold under hammer for £190,000


DESCRIPTION

Freehold. Palisaded Terrace property converted into 2 x 2 bedroom self contained flats, both Let on Assured Shorthold Tenancies. Ideal investment opportunity.

LOCATION

The property can be approached leaving the City Centre via A5460 Narborough Road, turning right onto Hinckley Road and left at the main set of traffic lights into Fosse Road South. The property provides easy access to Leicester Royal Infirmary, De Montfort University and Leicester City Centre.

ACCOMMODATION

Ground Floor Flat: (access via Westcotes Drive)
Open plan lounge/kitchen, bedroom one, bedroom two, bathroom.

First Floor Flat: (Access via Fosse Road South)
Entrance hall, landing, lounge/kitchen, two bedrooms, bathroom.

Outside:
Enclosed rear yard.

TENURE

Freehold subject to existing tenancies.

NOTE

The completion date will be on or before eight weeks following exchange of contracts.

ENERGY PERFORMANCE CERTIFICATE

Ground Floor Flat - D
First Floor Flat - C

Flat Tenancy Rental Income
Ground Floor Let on an Assured Shorthold Tenancy from 26.02.16 for a term of 6 months (Tenant currently holding over) £500.00 p.c.m
First Floor Let on an Assured Shorthold Tenancy from 18.03.16 for a term of 6 months (Tenant currently holding over) £525.00 p.c.m
Current Rental Income: £1,025.00 p.c.m
Current Rental Income (Per Annum): £12,300.00 pa
Estimated Full Rental Income (Per Annum): £14,400.00 pa

SOLICITORS

Smith Partnership Solicitors
Charnwood Court, 5B New Walk, Leicester, Leicester, LE1 6TE
TEL: 0116 247 2000
EMAIL: manveer.bhimber@smithpartnership.co.uk

*GUIDE PRICE & RESERVES

Definition of Guide Prices:
The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered.

Definition of Reserve Price:
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price is confidential it will usually be set within the quoted guide range and in any event will not exceed the highest quoted guide price.