1 bed flat for sale

Navigation Street, Leicester, Leicestershire LE1

This property is for sale by Modern Method of Auction.

A superb opportunity to acquire a refurbished one bedroom apartment on the 14th floor of the sought after Horizon Building, offering panoramic city views, modern finishes, and an exceptional city-centre lifestyle. With no upward chain, a long 131 year lease, and an impressive approx. 12% rental yield, this property appeals equally to first-time buyers and investors.

Property Highlights
14th floor one-bed apartment with external balcony and far-reaching views

Communal entrance on Navigation Street

Access to two lifts plus emergency stairways to all floors

Concierge service located in the ground floor foyer

Secure postal box access at all hours

Basement car park available (£50/month via management registration)

Prime city-centre location within near distance of major amenities

Horizon Building fully renovated in line with Fire Safety (England) Regulations 2022

No upward chain

Leasehold – 131 years remaining

Estimated rent £800 pcm / £9,600 pa

Location
Situated at The Horizon, 2 Navigation Street, Leicester LE1 3UN, this apartment places you at the heart of Leicester’s vibrant city centre.

Within a very short distance are:

Highcross & Haymarket shopping centres

Leicester Train Station

St Margaret’s Bus Station (Intercity & airport links)

Haymarket Regional Bus Station

Supermarkets, cafés, restaurants & nightlife

Phoenix Cinema & Art Centre

Curve & Haymarket Theatres

Universities & Abbey Park

Internal Accommodation
Entrance Hallway – 28' 2'' x 4' 2'' (8.58m x 1.27m)
A spacious hallway featuring a wall-mounted heater, clothes hooks, notice board, fuse box, video intercom system, heating controls, and new laminated wood flooring.

Bedroom – 10' 4'' x 9' 1'' (3.15m x 2.77m)
Bright and comfortable with two half-height double-glazed windows, new heavy-duty carpet, wall-mounted heater, storage box seating, and telephone/internet sockets.

Bathroom – 6' 8'' x 5' 5'' (2.03m x 1.65m)
Includes a standard bathtub with shower, safety handles, curtain rail, storage cabinet, basin, mirror, toilet, draining rack, wall-mounted heater, extractor fan, and new heavy-duty lino flooring.

Kitchen Lounge – 20' 6'' x 13' 1'' (6.24m x 3.98m)
A generous open plan living space with:

Integral hot water tank

Dishwasher, washing machine, fridge freezer

Stainless steel electric oven, hob & extractor

Multiple telephone/internet/TV sockets

Four half-height windows, two full-height windows & balcony door

New laminated flooring

Glasstop table with metal legs and four foldable chairs

External Balcony – 16' 0'' x 3' 11'' (4.87m x 1.2m)
A standout feature with new aluminium decking, freshly repainted handrails and panels, plus a bistro set and outdoor sofa-style seat-perfect for enjoying the skyline.

Building & Compliance
The Horizon Building’s communal areas, external cladding, apartment front door, and balcony decking have all been upgraded to meet Fire Safety (England) Regulations 2022.

Leasehold Information
Lease: 150 years from 2006 (131 years remaining)

Ground Rent: £150 per annum (paid half-yearly)

Service Charge: £2,600 per annum

Management Company: Pinnacle

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.