About this property

Addendum To Printed Catalogue

A 14 day completion applies to this lot.


A modern style two bedroom fifth floor apartment in the centre of Leicester with projected rental income iro £7800/8400pa

A two bedroom fifth floor apartment benefiting from electric heating and double glazing with concierge service and car parking facilicities. Ideally suited to the investor, owner occupier or first time buyer. The apartment offers potential after modernisation for re-sale, buy to let options or owner occupation. The flat is situated in the bustling city centre of Leicester. Approximate projected rental income is £650/700 pcm £7800/8400pa. Viewing is advised.

Listed By

Blundells Property Auctions
Head Office
2 Cotton Street
Liverpool
L3 7DY

t. 0114 254 1185
auctions@countrywide.co.uk

Full Description

Location

Situated in Leicester's vibrant city centre ideally located for amenities including shops, bars and restaurants. Also being ideally located for transport links with the ring road a short distance away and having Leicester Train Station close by.

Accommodation

The apartment block benefits from a concierge service and car parking is located in the secure communal car park to the rear of the building. The apartment accommodation comprising hall, living room with kitchen, two bedrooms and bathroom, requiring some modernisation.

Tenure

Leasehold

The lease was granted for 125 years from 2003.
Ground rent is believed to be £250 per annum and the service charge is believed to be in the region of £1466 per annum.

EPC

Energy Efficiency Rating C

Auction Valuer

Lucy Crapper ANAVA

Viewing

Strictly by appointment with joint agent Spencers, Leicester 0116 340 0385
For any other auction enquiries please call the auction team on 0114 254 1185

GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Photos
Map

509 Metropolitan Apartments, 20 Lee Circle, Leicester

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Countrywide Property Auctions

Head Office
2 Cotton Street
Liverpool
L3 7DY

Tel: 0114 254 1185

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* Guide Price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyer's Fee

A successful purchaser will also be required to pay a Buyer's Administration charge of £950+VAT (£1140 including VAT @ 20%) (unless stated otherwise within the property description in the catalogue) by cheque made payable to Countrywide.

Legal Packs

You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).