£1,500,000
59 bed property for saleAllied Place, 44 Abbey Street, Leicester LE1
59 beds
46 baths
About this property
Leicester City Centre
Newly Refurbished residential apartment development
Whole block investment opportunity
46 self-contained apartments
Ideal for institutional investors and portfolio landlords
Long-term income and capital growth potential Potential
Excellent access to Leicester city centre and transport links
Excellent rental investment opportunity
Leasehold Purchase
Wheelchair accessible
Available at £1,500,000 the opportunity generate approximately £401,520 in gross annual rental income.
The development requires remedial works to the cladding, façade and fire stopping.
Leasehold details:
The property is held under a long lease dated 10 June 2014 for a term of 125 years, providing approximately 112 years and 8 months unexpired as at October 2026.
The lease provides for an original annual ground rent of £35,000, subject to five-yearly reviews linked to the Retail Prices Index (rpi).
The lease includes provisions relating to service charges, buildings insurance, repairs, permitted uses and assignment, together with a contractual option to renew, subject to the relevant conditions.
Further leasehold documentation and financial particulars are available to genuinely interested parties upon request.
Mortgage calculator
£7,503 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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