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8 bedroom block of apartments for sale
10-16 Chapel Street, Oadby, Leicestershire LE2 5AD
£775,000
10-16 Chapel Street, Oadby, Leicestershire LE2 5AD
£775,000
Our Summary
- For sale on 26 June 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
- A freehold investment opportunity comprising of 6, newly converted, residential properties situated within the heart of Oadby
- 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 2
- 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: 26
Description
A freehold investment opportunity is being sold at auction, comprising six newly converted residential properties in the heart of Oadby. The properties, including two townhouses and four apartments, are fully let on assured shorthold tenancies, generating a rental income of £5,500 per month or £66,000 per annum, with a yield of around 8.5% at the current guide price. The site features a courtyard garden, bike and bin stores, and six parking spaces, and is well-located in a central position with a range of amenities within a one-minute walk. The properties are available with a 10-year building guarantee, and the sale is being conducted under an unconditional sale type, with binding contracts exchanged at the point of sale.