FOR SALE BY AUCTION: Wednesday 15 Jul 2020




28 Friar Lane / 2 Wycliffe Street, City Centre, Leicester, LE1 5RA

Sold prior to auction, for an undisclosed amount


DESCRIPTION

Rare opportunity provided to purchase this Grade II listed three storey building in Leicester City Centre. The building is currently split to provide 17 bedrooms comprised over three floors with additional basement area.

LOCATION

The property is located in Leicester City Centre, within walking distance of Highcross Shopping Centre, both Leicester University & De Montfort University along with Leicester Royal Infirmary. All amenities are located close by.

ACCOMMODATION

Ground Floor (Access from Friar Lane) -
Five bedroom flat having two bathrooms.

First Floor (Access from Wycliffe Street) -
Seven bedroom flat sub-divided into:

Four bedrooms having two bathrooms &
Three bedrooms have one bathroom.

Second Floor (Access from Wycliffe Street) -
Five bedroom flat having two bathrooms.

There is a basement at lower ground floor level which could provide further accommodation after works. Each flat has a large open plan lounge / kitchen / dining area, first floor flat has two. There is gas central heating provided through each flat. Externally, there are three car parking spaces available to the rear of the building.

TENURE

Freehold with vacant possession upon completion.

Current rental income to June 2020:
£360.00 per calendar month (per room)
£61,200.00 per annum (Gross)

NOTE

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

ENERGY PERFORMANCE CERTIFICATE

EPC not required.

SOLICITORS

TML Solicitors
63b King Street, Leicester, LE1 6RP
TEL: 0116 2470022
EMAIL: dav@tml-solicitors.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.