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Friar Lane, Leicester Offers in the Region Of £920,000

Sold STC
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  • Offers in the region of £920,000
  • Freehold Apartment Building
  • 9 Apartments
  • £66,857 Income Per Annum
  • 7.26 % Yield
  • Basement Parking Lot with 12 spaces available, accessible through electric gates
  • One lift reaching all the floors
  • Double Glazing
  • Electric Heating
  • Furnished Flats
  • CCTV
  • FOB Entry System.

  • Offers in the region of £920,000 -
  • Freehold Apartment Building -
  • 9 Apartments -
  • £66,857 Income Per Annum -
  • 7.26 % Yield -

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 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 578 square feet to 907 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 £66,857. The vendor prefers to sell with tenants in situ.

The property also benefits from:

  • Basement Parking Lot with 12 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

 

 

 

 

 

 

 

1

2

2

802

2

1

1

585

3

1

1 + Extra WC

581

4

3

2

906

5

1

1

584

6

1

1 + Extra WC

578

7

3

2

907

9

2

2

866

11

1

1

709

 

 

 

 

TOTAL MONTHLY RENTAL

£5,571.45

 

 

TOTAL % YIELD

7.26 %

 

 

 

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 #: 00000405
Name Location Type Distance
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