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Mon - Fri: 9:00am till 5:30pm
Sat: Viewings Only
Next Auction:10 July 2024
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FOR SALE BY AUCTION: Wednesday 10 October 2018 Commencing at 5:30pm

Enfield Building, 19 Newarke Street, City Centre, Leicester, LE1 5SN

Sold Prior to auction, for an undisclosed amount

Remote Bidding Auction

Auction to be streamed live on our website
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.


Freehold. Well located property which has been converted into cluster flat accommodation providing 19 student bed spaces. Excellent investment opportunity.


The property is situated on Newarke Street which is in the heart of Leicester City Centre within walking distance of De Montfort University, University of Leicester and Leicester Railway Station.


The property has been converted to provide 19 student bed spaces over four floors.

Ground Floor:
Four bed spaces with shared kitchen/dining area & two bathrooms.

First Floor:
Five bed spaces with shared kitchen/dining area & two bathrooms.

Second Floor:
Five bed spaces with shared kitchen/dining area & two bathrooms.

Third Floor:
Five bed spaces with shared kitchen/dining area & two bathrooms.

Fourth Floor:
Planning permission was granted in 2004 to convert this floor into 5 additional bed spaces (Application No. 20041734) which has now lapsed. Interested parties should make their own enquiries by contacting the local authority.

The basement is ideal to be used as a bicycle store and further storage area.


Freehold with vacant possession upon completion.

Estimated rental income:
£75.00 per week / per room x 19 rooms = £1,425.00 per week
£1,425.00 x 48 weeks = £68,400.00 per annum

There is scope for uplift in rental after slight refurbishment.
Estimated full rental income = £91,200.00 per annum.


The completion date will be on or before eight weeks following exchange of contracts.


EPC Rating to be confirmed.


Jones & Co



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.

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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