Offers in region of £675,000

Friar Lane / Wycliffe Street, City Centre, Leicester, LE1 5RA


Key features

■ 17 Bedroom student accommodation

■ Located in Leicester City Centre

■ Very prominent Grade II listed building

■ Currently spread of three internal floors

■ Estimated rental income: £61,200 per annum to June 2020

■ Ideal investment/development opportunity

■ Gas Central Heating


Full description
Tenure: Freehold
Condition: Some Work Required
Property Type: Block of Apartments
Bedrooms: 17
Bathrooms:
Receptions:
Entrance: Ground Floor
Number of Floors:

DESCRIPTION:
Rare opportunity provided to purchase this Grade II listed three storey building in Leicester City Centre. The building is currently split to provide 17 bedrooms comprised over three floors with additional basement area which has scope to provide further accommodation. There are three car parking spaces available to the rear of the building.


LOCATION:
The property is located in Leicester City Centre, within walking distance of Highcross Shopping Centre, both Leicester University & De Montfort University along with Leicester Royal Infirmary. The
building provides easy access to Leicester Train Station. All amenities are located close by.


ACCOMMODATION:
Ground Floor (Access from Friar Lane) -
Five bedroom flat having two bathrooms.


First Floor (Access from Wycliffe Street) -
Seven bedroom flat sub-divided into:


Four bedrooms having two bathrooms &
Three bedrooms have one bathroom.


Second Floor (Access from Wycliffe Street) -
Five bedroom flat having two bathrooms.


There is a basement at lower ground floor level which could provide further accommodation after works. Each flat has a large open plan lounge / kitchen / dining area, first floor flat has two. There is gas central heating provided through each flat. Externally there are three car parking spaces available to the rear of the building.


RENTAL INCOME:
Current rental income to June 2020:
£360.00 per calendar month (per room)
£61,200.00 per annum (Gross)


VIEWINGS:
Strictly by appointment through the sole selling agents.


TENURE:
Freehold with vacant possession as of June 2020.


EPC:
EPC Rating to be confirmed.


DISCLAIMER: Money Laundering Regulations, Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 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.





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