For sale by Unconditional Online Auction.
On behalf of Barkers - Leicester

A two bedroom duplex apartment.

A two bedroom duplex apartment.

The property is arranged over the first and second floors of this attractive Victorian building and offers well presented and spacious accommodation.

The flat has a lease of 125 years commencing in 2006 therefore 107 years remaining.

The apartment is offered vacant, however, was previously let at £725 per calendar month/£8,700 per annum.

Well located within the City Centre, New Walk and The Royal Infirmary Hospital.

Communal Hallway With Minton tiled flooring and secure entry door.
Reception Hallway With doors to bedroom and bathroom and further stairs to second floor.
Bedroom Two - 3.78m x 3.05m Radiator, spots to ceiling and sash window to rear elevation.
Bathroom Fitted with a suite comprising, panelled bath with shower over, low level flush wc, wash hand basin, storage cupboard, extractor fan, part tiled surround, sash window to side elevation.
Stairs to Second Floor Landing With doors to Lounge/Diner, Kitchen, Bedroom One and Cloakroom.
Spacious Lounge / Diner - 4.29m x 4.19m Having spots to ceiling, tv and telephone point, sash window to rear elevation.
Fitted Kitchen - 3.68m x 2.06m With base and drawer units with work surfaces over. Sink unit. Integrated electric oven, hob and extractor over, under counter fridge and freezer, Worcester boiler, wood style flooring and double glazed skylight to front elevation.
Bedroom Two - 3.89m x 3.43m Double glazed skylight to front elevation and radiator.
Mezzanine Storage The kitchen and bedroom two both benefit from handy Mezzanine/Loft storage with pull down ladder.
Cloakroom / W.C. Comprising low level flush wc, wall mounted wash hand basin, extractor fan, radiator.
Further Information Leasehold 125 years from 1st March 2006. 107 Years remaining. There is an annual ground rent of £100 and its annual service charge is £200. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Please note: There is currently a tenant in situ but we have been advised by the seller that they will be vacating by mid February. We have not been provided with evidence as to rental payments. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure: Leasehold

EPC Rating: E

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.