Asking Price Of £975000
1-9 Regent Road, Leicester, LE1 6YE Moores Commercial are delighted to offer for sale this 2 storey, brick built, student investment. Offering 5 self contained flats with a total of 23 lettable rooms. The total space occupies 4100 SQ FT (GIA). With a projected income for 2017-18 of £100,000 gross based on £105 per room for 48 weeks for 20 rooms let. (prices per room include bills).
Asking Price Of £975,000 View ing is strictly by prior appointment only via the Agents. For view ings please contact Moores Commercial on 01664 431330 or email: [email protected]
Location The property is located on Regent Road, just off the main Welford Road (A594), a short walk from the main City Centre. Leices ter City Centre is to the East of the M1 motorway with the primary junction being J21 (M69 ), J21 (A46) and Junction 22 (A511/A50). The City Centre has had significant attention in recent years and has become one of the Regions main locations for shopping employment since the major development of the Highcross shopping centre in 2008. The develo pment includes a multi screen cinema and outdoor food court, attracting names like Yo Sushi, Wagamama, Carluccio's and Coast to Coast and many more. Leicester is home to 2 universities, the University of Leicester and De Montfort with an estimated 50,000 r egistered students. Points of interest locally include Leicester railway station, approx. 0.4 miles from the subject property, university of Leicester 0.8 miles and the Royal Infirmary 0.3 miles, all well positioned for the students residing at Regent Road . Property Description The property comprises a brick built two storey building with rendered elevations under a pitched slate roof. The flats are configured as below: * Flat 1 - accessed via a separate entrance from Regent Road, stairs to first floor landing leading to an open plan kitchen/Lounge, 5 bedrooms with 2 shower rooms/WC. * Flat 3 - Ground floor accommodation, open plan lounge/kitchen, 3 bedrooms and a shower room/WC plus study room. * Flat 5 - Ground and first floor accommodation with open plan lounge/kitchen, 1 bedroom and shower room/WC on the ground floor and a further 3 bedrooms and WC plus study room to the first floor. * Flat 7 - Ground and first floor accommodation, with open plan lounge/kitchen and 1 bedroom on the ground floor and 2 further bedrooms and a shower room/WC to the first floor. * Flat 9 - Ground and first floor accommodation, with an open plan lounge/kitchen, 2 bedrooms and a shower room/WC to the ground floor and a further 3 bedrooms and shower room/WC plus study room to the first floor. Accommodation The Property comprises 20 bedrooms over 5 flats with a total of 4,099 SQ FT (380.8 SQ M). 2 x 5 bed, 2 x 3 bed, and 1 x 4 bed . The building has recently undergone a full refurbishment over the last 18 months and is in good condition throughout. Services All mains services are connected to the property, not tested by the agent. Terms Offered for sale as a freehold investment at an as king price of £975,000. Rates Each flat has a council tax banding of A giving an annual charge of £1008.19 per flat. VAT VAT is not applicable on the asking price. Legal Costs Both Parties will be responsible for their own legal costs. Viewing Viewing is strictly by prior appointment via the agents Moores Commercial Tel: 01664 431330 or via email [email protected] Parking
Other Finance may be available through Independent Financial Brokers and Moores Commercial would be please to make an introduction for you. The Brokers are completely Independent of Moores Commercial and will offer confidential, unbiased advice regulated b y the Financial Authorities. Please ask for further details.
Contact Details 36 Hi gh Street Oakha m Rutland LE15 6AL www.moorescommercial.com %epcGraph_c_2_210%
Email: offi ce@moores commercial.com Tel: 01664 431330
Importan t; we would l ike to inform p rospectiv e purchas ers that th ese sales particulars hav e been prepared as a gen eral guid e only. A det ail ed surv ey has not b een c arri ed out, no r t he serv ices, applianc es and fittings t ested . Room sizes should not be rel ied upon for furnishing purpos es and are approximat e. If floor plans are includ ed, th ey are for guid ance only and illustrat ion pu rposes only and may not b e to scal e. If there are any import ant matt ers lik ely to affect your d ecision to buy, pl ease contact us b efore vi ewing th e prop erty .
Asking Price Of £975,000 View ing is strictly by prior appointment only via the Agents. For view ings please contact Moores Commercial on 01664 431330 or email: [email protected]
Location The property is located on Regent Road, just off the main Welford Road (A594), a short walk from the main City Centre. Leices ter City Centre is to the East of the M1 motorway with the primary junction being J21 (M69 ), J21 (A46) and Junction 22 (A511/A50). The City Centre has had significant attention in recent years and has become one of the Regions main locations for shopping employment since the major development of the Highcross shopping centre in 2008. The develo pment includes a multi screen cinema and outdoor food court, attracting names like Yo Sushi, Wagamama, Carluccio's and Coast to Coast and many more. Leicester is home to 2 universities, the University of Leicester and De Montfort with an estimated 50,000 r egistered students. Points of interest locally include Leicester railway station, approx. 0.4 miles from the subject property, university of Leicester 0.8 miles and the Royal Infirmary 0.3 miles, all well positioned for the students residing at Regent Road . Property Description The property comprises a brick built two storey building with rendered elevations under a pitched slate roof. The flats are configured as below: * Flat 1 - accessed via a separate entrance from Regent Road, stairs to first floor landing leading to an open plan kitchen/Lounge, 5 bedrooms with 2 shower rooms/WC. * Flat 3 - Ground floor accommodation, open plan lounge/kitchen, 3 bedrooms and a shower room/WC plus study room. * Flat 5 - Ground and first floor accommodation with open plan lounge/kitchen, 1 bedroom and shower room/WC on the ground floor and a further 3 bedrooms and WC plus study room to the first floor. * Flat 7 - Ground and first floor accommodation, with open plan lounge/kitchen and 1 bedroom on the ground floor and 2 further bedrooms and a shower room/WC to the first floor. * Flat 9 - Ground and first floor accommodation, with an open plan lounge/kitchen, 2 bedrooms and a shower room/WC to the ground floor and a further 3 bedrooms and shower room/WC plus study room to the first floor. Accommodation The Property comprises 20 bedrooms over 5 flats with a total of 4,099 SQ FT (380.8 SQ M). 2 x 5 bed, 2 x 3 bed, and 1 x 4 bed . The building has recently undergone a full refurbishment over the last 18 months and is in good condition throughout. Services All mains services are connected to the property, not tested by the agent. Terms Offered for sale as a freehold investment at an as king price of £975,000. Rates Each flat has a council tax banding of A giving an annual charge of £1008.19 per flat. VAT VAT is not applicable on the asking price. Legal Costs Both Parties will be responsible for their own legal costs. Viewing Viewing is strictly by prior appointment via the agents Moores Commercial Tel: 01664 431330 or via email [email protected] Parking
Other Finance may be available through Independent Financial Brokers and Moores Commercial would be please to make an introduction for you. The Brokers are completely Independent of Moores Commercial and will offer confidential, unbiased advice regulated b y the Financial Authorities. Please ask for further details.
Contact Details 36 Hi gh Street Oakha m Rutland LE15 6AL www.moorescommercial.com %epcGraph_c_2_210%
Email: offi ce@moores commercial.com Tel: 01664 431330
Importan t; we would l ike to inform p rospectiv e purchas ers that th ese sales particulars hav e been prepared as a gen eral guid e only. A det ail ed surv ey has not b een c arri ed out, no r t he serv ices, applianc es and fittings t ested . Room sizes should not be rel ied upon for furnishing purpos es and are approximat e. If floor plans are includ ed, th ey are for guid ance only and illustrat ion pu rposes only and may not b e to scal e. If there are any import ant matt ers lik ely to affect your d ecision to buy, pl ease contact us b efore vi ewing th e prop erty .
