Auction Date: 20/11/2024, LOT 04

Unsold - Available for £700,000

9-11 West Street, Leicester, LE1 6XL

Solicitor Details

Salusbury Harding & Barlow, 1 Berridge Street, Leicester LE1 5JT Tel: (0116) 262 6052 ~ Ref: C Gooch

*Guide Price & Reserves

RESIDENTIAL INVESTMENT

Property Description

A pair of 4 storey with basement palisaded villas converted to provide 14 bedsits and one studio flat. The properties have a HMO licence and there is potential to convert into self contained flats.

Location:

The property is located in the city centre off Regent Road and near to both universities and Leicester Royal Infirmary.

Planning:

Local Authority: Leicester City (0116) 454 3000.

Tenure

Freehold, subject to existing tenancies.

Energy Performance Certificate:

  • No 9 - Rating 57, Band D
  • No 11 - Rating 55, Band D
BEDSIT ACCOMMODATION SQFT (SQM) APPROX TENANCY RENT £ PA
NO. 9: Entrance hall, kitchen, shower room, gas central heating and part double glazing
Basement Boiler room, 3 stores, WC
1 - G/F with kitchenette 195 (18.07) 6 months from 06.01.2024 5,400
2 - G/F with kitchenette 148 (13.74) Periodic from 18.09.2019 5,220
3 - G/F with kitchen, shower room 198 (18.39) Periodic from 18.04.2023 6,900
4 - F/F with kitchenette 126 (11.69) Periodic from 19.12.2019 5,340
5 - F/F with kitchenette 228 (21.19)
Communal - F/F shower room 35 (3.29)
6 - 2/F with kitchenette 233 (21.64) Periodic from 18.04.2023 5,220
7 - 2/F with kitchenette 146 (13.52) Periodic from 13.05.2019 5,160
Loft
NO. 11: Entrance hall and stairs, gas central heating & part double glazing
Basement 2 stores, boiler room, 2 WCs
8 - G/F with kitchenette 140 (13.01) Periodic from 13.08.2022 5,220
9 - G/F with kitchenette 143 (13.26)
10 - G/F with kitchenette 207 (19.22) 6 months from 08.01.2024 6,000
11 - F/F with kitchenette 146 (13.53) 6 months from 03.02.2023 5,100
12 - F/F with kitchenette 262 (24.30) Periodic from 27.07.2012 5,200
Communal - F/F bathroom, WC, washing area
13 - 2/F with kitchenette 151 (14.03) 6 months from 08.01.2023 5,220
14 - 2/F with kitchenette 240 (22.32) 12 months from 12.01.2023 5,220
15 - Basement with kitchenette 133 (12.35) Periodic from 13.12.2012 5,220
Loft
Outside Small front garden, interconnecting rear gardens with rear access
Tenant Contribution for Electric Top-Up Meter 5,621.04
Current Rental Income 76,061.04
Less:
Gas & Electric
Council Tax
Water
Internet		 14,215.92
Current Net Rental Income 61,845.12
Estimated Net Rental Income 72,405.12

Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

LE1 6XL

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9-11 West Street, Leicester, LE1 6XL
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