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1 bedroom flat for sale
Apartment 1, The Squirrel Building, 57 Colton Street, Leicester, Leicestershire LE1 1QA
£68,000
Apartment 1, The Squirrel Building, 57 Colton Street, Leicester, Leicestershire LE1 1QA
£68,000
Our Summary
- For sale on 24 April 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- 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
- 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)
- Auction: 24
Description
A one-bedroom apartment in a period conversion is being sold at auction on April 24, 2025. The property is located in Leicesters Cultural Quarter, close to the Curve Theatre and various shops, bars, and restaurants. It offers vacant possession and is a potential buy-to-let investment, with an estimated rental value of £695 per month or £8,340 per year. The flat features an open-plan lounge and kitchen, a double bedroom, and a bathroom, with a long lease of 999 years from 2005. The service charge is £110 per month, and the ground rent is £135 per year. The property is situated in a conservation area, and prospective buyers are advised to make independent enquiries prior to bidding. The sale is being conducted by SDL Property Auctions, and a 5% deposit and 4.8% buyers fee will be required, in addition to the purchase price.