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Millstone Lane, Leicester Offers in the Region Of £350,000

Sold STC
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  • Offers in the region of £350,000
  • Freehold Apartment Building
  • 3 Apartments
  • £23,832 Rental Income Per Annum
  • 6.8 % Yield
  • Basement Parking Lot with spaces available, accessible through electric gates.
  • Double Glazing.
  • Electric Heating
  • Furnished Flats.
  • CCTV
  • FOB Entry System.

  • Offers in the region of £350,000 -
  • Freehold Apartment Building -
  • 3 Apartments -
  • £23,832 Rental Income Per Annum -
  • 6.8 % Yield -

Reliance Properties is pleased to offer this contemporary freehold block of 3 luxurious apartments within close proximity to two universities, professional firms and the Leicester Royal Infirmary. Osbourne House was professionally designed and developed to a high standard in 2005/6. The accommodation provides a range of one, two and three bedroom apartments and a basement car park with allocated 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 3 apartments at the property range from 549 square feet to 1194 square feet. The property is currently fully let to students & professionals.

Total Current rental income per annum is £23,832.00. The vendor prefers to sell with tenants in situ.

The property also benefits from:

  • Basement Parking Lot with spaces available, accessible through electric gates -
  • Double Glazing -
  • Electric Heating -
  • Furnished Flats -
  • CCTV -
  • FOB Entry System -

APARTMENTS SCHEDULE

 

Flat Num

Beds

Bathrooms

Sq Ft

 

 

 

 

 

 

 

 

22 Duplex

3

1 + Extra WC

1194

23

1

1 + Extra WC

549

24 Duplex

2

2

973

 

 

 

 

 

 

 

 

TOTAL MONTHLY RENTAL

£1,986.00

 

 

TOTAL % YIELD

6.8%

 

 

 

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.



Millstone Lane
Leicester LE1 5JN
County: Leicestershire
Sale Type: Sold STC
Ref #: 00000406

Millstone Lane
Leicester LE1 5JN
County: Leicestershire
Sale Type: Sold STC
Ref #: 00000406
Name Location Type Distance
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