An opportunity to purchase a low risk freehold block investment in the popular suburb of North Evington. The development comprises of four modern and fully furnished, tenanted one bedroom apartments with a potential additional development plot to the side (STPP). Let for combined £26,100 per annum.
A modern block of four, one bedroom flats, currently fully occupied, achieving a combined income of £2,175 per calendar month (£26,100 per annum). Constructed in circa 1987, the properties are fully double glazed benefitting from electric heating with cavity walls, under a pitched roof and each consists of a fitted kitchen, bathroom, double bedroom and living room. Each property is of identical finish and layout and provides a low risk investment opportunity. The properties come fully furnished with tenants in fixed term Assured Shorthold Tenancy Agreements. Outside
To the side of the property is gated access to the rear car park, providing several car parking spaces with an additional development plot (STPP) to the rear of the plot. Early conversations with the local planning authority have been of a positive nature for the development of 2 x 2 bedroom flats. Location
The property is located on Rowsley Street in East Leicester which is highly sought-after and convenient location. There is a wealth of local amenities including shops, restaurants, the Leicester General Infirmary and places of worship as well as easy access into Leicester city centre as well as motorway access beyond. The area has a great community feel and is likely to attract a lot of interest locally.
Viewings and Directions
Strictly by appointment only through the agent Oliver Rayns.