Remote Bidding Auction

Auction to be streamed live on our website www.shonkibros.com
Bidding via Internet | Telephone | Proxy
You will need to pre-register for remote bidding, the form can be downloaded from our website and found within our auction brochure. Please ensure you provide your identification and a complete remote bidding form no later than 24 hours prior to the auction. Please do not hesitate to contact us if you are unsure of the remote bidding process.

DESCRIPTION

Leasehold Investment. Fourth floor apartment situated in Leicester City Centre close to Leicester Railway Station & Leicester University. Ideal investment opportunity.

LOCATION

The apartment is located in Leicester City Centre and is within walking distance of De Montfort University, Leicester University, Royal Infirmary & Highcross Shopping Centre. The apartment can be best approached from the main A594 Welford Road, turn left before Bannatynes Health Club into Duke Street. The apartment is located within the block on the fourth floor with direct entrance from Duke Street.

ACCOMMODATION

Communal entrance area:
With lift and stairs leading to upper floors:

Apartment:
Entrance hall, kitchen/diner & lounge, bedroom, bathroom.

TENURE

Leasehold subject to existing tenancy. The flat is currently Let on an Assured Shorthold Tenancy from 5th November 2018 for a term of 12 months at a rent of £465.00 per calendar month exclusive (£5,580.00 per annum).

The flat is held on a lease for a term of 125 years from the 1st September 2004. There is a service charge payable of £100.00 per calendar month and a ground rent of £100.00 per annum (please refer to legal documentation).

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.

Buyer’s Fee / Additional Costs
For each Lot, a Buyers' Fee of £1,800.00 inc VAT is payable on the fall of the hammer. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

Disclaimer
All measurements are approximate. Whilst we endeavour to make our sales particulars accurate and reliable, these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before. Shonki Bros have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. Potential buyers are advised to recheck the measurements before committing to any expense. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants.