Property Description

A purpose designed student apartment in a well facilitated development. The flat is offered currently let and is fully managed by a single letting company which manages the block. So it is a fully hands off investment as they look after letting, managing, accounting etc. The block has a communal gym, games room, kitchen, laundry and landscaped courtyard gardens. The flat is let at approx. £130 per week over a 51 week year on pooled income. Fees for utilities, communal area and managing are directly deducted. Well placed for easy access to DeMontfort University, the City Centre and Narborough Road bars and restaurants. Lease - 240 Year remaining. Service Charge - Approx £2150 per annum Ground Rent - £850 Per annum Flat: Open Plan Lounge / Bedroom / Kitchenette Ensuite Shower Room Communal Areas: Games Room / Lounge Kitchen Laundry Room Gym Courtyard Gardens

Note

Picture and Floorplan are for illustrative purposes only as each apartment may differ slightly.

Mobile Phone Coverage

O2, EE, Three and Vodafone available at this location

Broadband (estimated speeds)

Standard - 7 mbps, Superfast - 71 mbps and Ultrafast 1000 mbps

Satellite and Cable TV Availability

BT, Sky and Virgin available at this location

Note to Buyers

The tenancy agreement included in the legal documents expires on 29/08/2025 and as of yet the letting agent informs us no new tenancies have been arranged for the next academic year. The legal pack does not include a leasehold sale pack and are prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Leasehold

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