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Fosse Road North, Leicester 4 bed block of apartments for sale
Fosse Road North, Leicester
£360,000
Fosse Road North, Leicester
£360,000
Our Summary
- All flats meet current rental compliance standards, and the property holds a selective license, making it an ideal investment opportunity for landlords or developers
- 6%Additionally, there is previous planning permission for the construction of an additional one-bedroom flat, which would be situated in the rear garden
- This property provides both immediate rental income and future development potential
- For sale by public auction on Monday 20th January 2025 at 6
- Please contact the auction team on for further informationCommon Auction Conditions This property is sold subject to our Common Auction Conditions (a copy is available on request)Buyers Administration FeeA buyer’s administration fee of £1,800 inc VAT is applicable to this lot
- The purchaser will pay the fee whether the property is bought before, at or following the auction dateLegal PackPurchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty
Description
This freehold terraced property consists of four self-contained one-bedroom flats, each with a spacious lounge kitchen diner, modern bathroom, and double bedroom. The property has a selective license and meets current rental compliance standards, making it an attractive investment opportunity for landlords or developers. With a potential yield of 8.6%, the property also offers future development potential, as there is previous planning permission for an additional one-bedroom flat in the rear garden. The garden is fully slabbed and includes two outhouses for storage. The property is being sold by public auction on January 20th, 2025, with remote bidding options available. A buyer's administration fee of £1,800 inc VAT applies, and it is recommended that buyers consult with their legal adviser and accountant before bidding.