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Friar Lane, Leicester Offers in the Region Of £950,000

Sold STC
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  • Offers in the region of £950,000
  • Freehold Apartment Building
  • 9 Apartments
  • £71,268 Income Per Annum
  • 7.5 % Yield
  • Basement Parking Lot with spaces available, accessible through electric gates
  • One lift reaching all the floors
  • Double Glazing
  • Electric Heating
  • Furnished Flats
  • CCTV
  • FOB Entry System

Reliance Properties is pleased to offer this contemporary freehold block of 9 luxurious apartments located in the City Centre within close proximity to two universities, professional firms and the Leicester Royal Infirmary. This freehold block was professionally designed and developed to a high standard in 2005/6. The accommodation provides a range of one, two and three bedroom apartments with the benefit of a lift and a basement car park with allocated parking spaces. The property is very popular and has been fully let over the last 5 years with a waiting list of tenants.

GENERAL INFORMATION

The 9 apartments at the property range from 565 square feet to 1135 square feet. The Site Area is a total of 0.073 Hectares / 0.180 Acres. The property is currently fully let.

Total Current rental income per annum is £71,268.00. The vendor prefers to sell with tenants in situ.

The property also benefits from:

  • Basement Parking Lot with spaces available, accessible through electric gates -
  • One lift reaching all the floors -
  • Double Glazing -
  • Electric Heating -
  • Furnished Flats -
  • CCTV -
  • FOB Entry System -

APARTMENT SCHEDULE

Flat Num

Beds

Bathrooms

Sq Ft

 

 

 

 

 

 

 

 

10

2

1

565

14 Duplex

2

2

956

15

2

2

726

16

2

2

691

17

2

1

574

18

2

1

778

19

STUDIO

1

672

20 Duplex

3

2

1135

21

2

2

766

 

 

 

 

TOTAL MONTHLY RENTAL

£5,939.

 

 

TOTAL % YIELD

7.5 %

 

 

 

DIRECTIONAL NOTE
From outside the Holiday Inn on St. Nicholas circle, turn in an easterly direction into Peacock Lane in an easterly direction into Peacock Lane & almost immediately turn right into Southgates. Just before Southgates merges with Vaughan Way, turn left into Friar Lane and “Osborne House” can be found on the right hand side.



Friar Lane
Leicester LE1 5RA
County: Leicestershire
Sale Type: Sold STC
Ref #: 00000404
Name Location Type Distance
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