Property for sale in Leicester, LE1
Friar Lane, Leicester, LE1£920,000
Agent details
This property is listed with:
Full Details for Property for sale in Leicester, LE1 :
- 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 |
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| 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 |
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| TOTAL MONTHLY RENTAL | £5,571.45 |
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| TOTAL % YIELD | 7.26 % |
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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.
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House Prices for houses sold in LE1 5RA
Stations Nearby
- Leicester
- 0.5 miles
- South Wigston
- 3.5 miles
- Syston
- 4.9 miles
Schools Nearby
- St Crispin's School
- 1.2 miles
- The Children's Hospital School
- 0.3 miles
- Jameah Girls Academy
- 1.3 miles
- Hazel Community Primary School
- 0.6 miles
- Shaftesbury Junior School
- 0.6 miles
- King Richard III Infant & Nursery School
- 0.5 miles
- Moat Community College
- 0.7 miles
- Gryphon School
- 0.7 miles
- Regent College
- 0.7 miles
