*For Sale by Auction on 9th October 2019 to be held at King Power Stadium, Leicester City Football Club Commencing at 05:30 pm*
Leasehold Investment. One bedroom first floor studio flat having electric heating within a block, Let on an Assured Shorthold Tenancy.
Location The Flat is located off Bennion Road, close to Beaumont Leys Shopping Precinct. Easy access is provided to the A46, M1 and M69.
Accommodation Communal entrance area leading to flat:
First Floor Flat: Lounge/kitchen/bedroom, shower room with WC.
Outside: Front yard providing car parking.
Tenure Leasehold subject to existing tenancy. The flat is currently Let on an Assured Shorthold Tenancy for a term of 6 months from 24th March 2018 at a rent of £410.00 per calendar month exclusive (£4,920.00 per annum) the tenant is currently holding over.
The flat is held on a lease for a term of 120 years from the 25th December 1980. We have been informed there is no service charge payable, however the building insurance is £157.00 per annum and ground rent £38.00 per annum (please refer to legal documentation).
Note The completion date will be on or before eight weeks following exchange of contracts.
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.