Description
An exciting investment property located in the fashionable and vibrant area of Clarendon Park. Leicester.
Comprising eight, one bedroomed flats with private parking to the rear of the premises and a short walk to all amenities and well placed for Leicester University and De Montfort University.
Description - The property offers a great opportunity to purchase an investment property portfolio within the popular area of Clarendon Park.
The property consists of eight one bedroomed flats, six are currently let on Assured Shorthold Tenancies (ASTs) with two vacant. The flats are located across two floors, with all benefiting from a central courtyard. Also included are two brick build garages which are currently let and various brick build stores.
Each flat contains:
Private entrance hall
Living room
Kitchen with fitted units and a larder cupboard
Bedroom with fitted wardrobe
Outside to the rear of the property there are also a number of vehicle parking spaces.
This is the first time the property has being offered for sale since it was constructed in the early 1960's.
Location - The property is located on West Avenue, which is convenient to the main thoroughfare of Clarendon Park, which comprises, good shopping facilities, to include convenience and individual shops together with restaurants and entertainment.
There is an excellent bus service into the City Centre (2 miles) and both the Universities of Leicester and De-Montfort are in close proximity, as well as a number of schools and nurseries.
Leicester is well positioned, being close to the extensive Midlands Motorway Network with Junction 21 of the M1 and Junction 3 of the M69 in close proximity.
Fixtures And Fittings - Only those items in the nature of fixtures and fittings mentioned in these particulars are included in the sale. Other items are specifically excluded. None of the appliances have been tested by the agents and they are not certified or warranted in any way.
Services - Mains water, electricity and drainage are connected to the property.
The above services have been tested. The purchasers should note that it is their specific responsibility to to make their own enquiries of the appropriate authorities as to the location, adequacy and availability of mains water, electricity and drainage services.
Energy Performance Rating - EPC ratings for the properties are itemised in the property information data room, access of which can be obtained with a password from the selling agents.
Local Authority - Leicester City Council.
Council Tax - All eight flats are in Council Tax Band A
Rent Roll - Six of the properties are let with a current rent roll of £575 - £600 per calendar month with the tenant being responsible for paying council tax and utilities.
Tenure And Possession - The property is freehold and Flats 1 and 2 will be sold with vacant possession upon completion, the remainder of the six flats will be sold with tenants in situ.
The flats are all let on Assured Shorthold Tenancies. Included in the rent is a payment towards the maintenance of the common areas.
Data Room - In addition to the information already stated, the following will be included:-
a full legal pack - giving details of tenure etc,
a copy of a model tenancy agreement
a schedule of the tenants and rents paid, details of deposits taken
EPC certificates for each property
compliance certificates
details of common parts costings
Wayleaves, Easements And Rights Of Way - The property is sold subject to and with the benefit of all rights, including rights of way whether public or private whether referred to or not.
Method Of Sale - The property is being sold by informal tender and tender forms will be available upon application and all tenders must be received by 26th May 2025 by post by 12 noon or by email to arrive between 9.30am and 12 noon on the tender day. After which there will be a short period for the tenders to be considered and in the event of close proximities of tenders the top three tenders will be asked to tender again to ensure that the best price has been obtained.
Please Note: The buyer(s) will be charged a buyers premium of 2% on the purchase price.
Viewings - Strictly by appointment via the joint selling agents:-
Howkins and Harrison, please call Michael Fallowell or Lily Taylor on 01530 877977 (option 4) or email michael.fallowell@howkinsandharrison.co.uk ily.taylor@howkinsandharrison.co.uk and
M J Ross Ltd, please call Malcolm Ross on 07909 644800 or email
mjrconsultancy@btinternet.com
Viewing will be by arrangement of block viewings at timed intervals and carried out by M J Ross
Current viewing dates are :
26th April between 10am and 12 noon
Plan, Area And Description - The plan, area and description are believed to be correct in every way, but no claim will be entertained by the vendor or the agents in respect of any error, omissions or misdescriptions. The plan is for identification purposes only.
Anti Money Laundering Information - Under the Money Laundering Directive (S1207/692) we are required under due diligence as set out under HMRC regulations to take full identification (e,g photo ID and recent utility bill) as proof of address. When you are ready to put an offer forward, please be aware of this and have the information available.
Please note a fee of £30 will be charged to each buyer for the Anti Money Laundering check via our online system Move Butler.
