Studio for sale

The Printhouse, 58-60 Woodgate, Loughborough, Leicestershire LE11

This property making the perfect investment! Being situated within one of the most prominent town centre locations the ease of access to everything could not be better, consisting of a Bedroom/Living Space, a Shower Room this creates the perfect base for a student to settle themselves.

Benefitting from being on the doorstep of Loughborough University and being surrounded by many shops and amenities this property is situated perfectly, an internal viewing is key to appreciate the works from the management company.

Agent note - We have been advised (as of 16th September 2024) that the property is Leasehold with 240 years left on the lease, the ground rent cost per annum is £448.71 and service charge is £317.00 per annum. Gross income comes out at a weekly rate of £120.00 for a 48 week period ending August 2025. The rental income is accumulative throughout the whole building and is shared amongst the owners, please ask for more detail.

Buying Conditions

This property is for sale by the Modern Method of
Auction. Should you view, offer, or bid on the property, your information will
be shared with the Auctioneer, Iamsold. This method of auction requires
both parties to complete the transaction within 56 days of the draft contract
for sale being received by the buyer's solicitor.

This
additional time allows buyers to proceed with mortgage finance (subject to
lending criteria, affordability, and survey). The buyer is required to
sign a reservation agreement and make payment of a non-refundable Reservation
Fee. This being 4.5% of the purchase price including VAT, subject to a minimum
of £6,600.00 including VAT. The Reservation Fee is paid in addition to
purchase price and will be considered as part of the chargeable consideration
for the property in the calculation for stamp duty liability.

Buyers Information Pack

Buyers will be
required to go through an identification verification process with iamsold and
provide proof of how the purchase would be funded. This property has a
Buyer Information Pack which is a collection of documents in relation to the
property. The documents may not tell you everything you need to know about the
property, so you are required to complete your own due diligence before
bidding. A sample copy of the Reservation Agreement and terms and conditions
are also contained within this pack. The buyer will also make payment of
£300.00 including VAT towards the preparation cost of the pack, where it has
been provided by iamsold. The property is subject to an undisclosed Reserve
Price with both the Reserve Price and Starting Bid being subject to change.

Entrance Hall

Studio

5m x 2.51m - 16'5” x 8'3”

Bathroom

2.03m x 1.42m - 6'8” x 4'8”