A Student Studio flat For Investment

An excellent investment vehicle within a block of purpose-built student accommodation serving both Leicester University and de Montfort University. Leasehold student studio flat with en suite. Communal gym, dance studio, and common room. Held on a 250-year lease first granted 01/10/2015, with 242 years unexpired. There is a sublease to the student management company which expires on 30th September 2026 providing a gross rental income of £7395.00 per annum. See legal pack for full lease details.

Tenure

Leasehold.

Sudio flat

Living Space 5.48m x 4.10m, Ensuite 2.43m x 2.51m

Communal Hall

En suite Studio

5.48m x 4.10m Combined, lounge/bedroom. Kitchenette area, and large ensuite shower room.

Tenure

The property is held on a 250-year lease first granted 01/10/2015, with 242 years unexpired. There is a sublease to the student management company which expires on 30th September 2026 providing a gross rental income of £7395.00 per annum. See legal pack for full lease details.

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 £1,250 + VAT £1500.00 inc VAT

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Leicester City Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1200.00 (£1000.00 plus VAT)

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