FOR SALE BY AUCTION: Wednesday 15 Jul 2020




50 Fosse Road North, Leicester, LE3 5EQ

Sold under hammer for £170,000


DESCRIPTION

Freehold Investment. Ground floor former taxi office with two self contained flats above Let on Assured Shorthold Tenancies. Ideal investment opportunity.

LOCATION

The property is located approximately 1 mile from Leicester City Centre. The property is best approached via the main A47 King Richards Road.

ACCOMMODATION

Ground Floor:
Two offices, kitchen, W.C.

First Floor (Flat 1) access via Central Road:
Entrance area with stairs leading to landing, lounge, kitchen, bedroom, bathroom.

Ground Floor (Flat 2) access via Central Road:
Ground floor entrance area, living room, kitchen, bedroom, bathroom.

Outside:
Rear yard area.

TENURE

Freehold subject to existing tenancies.

Flat 1 - The flat has been Let on an Assured Shorthold Tenancy from 14th June 2013 for a term of 6 months at a rent of £395.00 per calendar month exclusive (£4,740.00 per annum). The tenant is currently holding over.

Flat 2 - The flat has been Let on an Assured Shorthold Tenancy from 20th October 2018 for a term of 6 months at a rent of £310.00 per calendar month exclusive (£3,720.00 per annum). The tenant is currently holding over.

RENT ACHIEVABLE

£1,350 per calendar month (£16,200 per annum).

NOTE

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

ENERGY PERFORMANCE CERTIFICATE

EPC Rating D.

SOLICITORS

Salusbury harding and barlow
1 Berridge Street, Leicester, LE1 5JT
TEL: 0116 262 6052
EMAIL: cgooch@shbsolicitors.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.