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Marquis Street, Leicester Studio for sale
Marquis Street, Leicester LE1
£70,000
Marquis Street, Leicester LE1
£70,000
Our Summary
- 92 per annum•Ground rent review period : See below•Annual service charge amount : £1050 per annum •Service charge review period : Check lease for details •Council tax band : A• EPC Rating: E• Property type: Fourth Floor Studio • Property construction: Standard • Number and types of room: Please refer to floorplan • Electricity supply: mains • Water supply: metered • Sewerage: Public sewer • Heating: Electric heating • Broadband: Broadband point in main premises • Mobile signal / coverage: refer to Ofcom mobile coverage checker • Parking: Parking Space separately negotiated• Building safety: No known hazards • Restrictions: No pets • Rights and easements: No known relevant rights or easements • Coastal erosion risk: none • Planning permission: no known planning permissions or proposals for development • Accessibility/Adaptations: N/A• Coalfield or mining area: No direct impact of any mining activity
- Cash Buyers Only
Description
This quirky studio apartment in the Driver Building on Leicester's King Street is a great investment opportunity, offering a gross yield of 8.8% based on £675 per month. The property features an open-plan living area with kitchen, a sleeping area on a mezzanine floor accessed by a spiral staircase, and a shower room. The apartment is well-maintained and benefits from Velux windows, integrated appliances, and a modern design. Located in the Professional Quarter, the building offers 24-hour coded access, CCTV cameras, and a friendly building manager's office. The property is ideal for a first-time buyer or investor, with a price tag of £70,000 and a leasehold tenure with 104 years remaining on a 125-year lease.