Key Information
- Gross rental income of £112,626 pa
- High profile fully let investment
- Popular central location
- Price £1,050,000
- We are seeking offers in the region of £1,050,000 (One Million and Fifty Thousand Pounds) subject to contract. Three separate titles - each building is available by way of separate negotiation.
The property comprises three Victorian buildings of two and three storey design in traditional masonry construction beneath pitched slate roof forms. The elevations comprise sealed double-glazed windows in timber sash designed frames with ornate stone surrounds. Internally, the property has been configured to provide three cluster flats comprising a total of 18 bed spaces which have been arranged as a seven bed with three shower rooms, a six-bed with two shower rooms and a five-bed with two shower rooms. The property benefits from a CCTV system, fire safety compliance, gas central heating and LED lighting. Externally, no.26a Severn St has the benefit of on-site car parking for circa three vehicles.
Location
Leicester is one of the UK's most diverse and dynamic cities, with a resident population of approximately 324,000 according to the 2021 Census. The city is home to two highly regarded universities, the University of Leicester and De Montfort University, which together support a student population of around 50,000. The property occupies a prominent corner position at the junction of Highfield Street and Severn Street in Leicester, just off the main A6 London Road. This strategic location provides excellent access to the south of the city, while also offering direct links to Leicester City Centre and the city's inner ring road. Benefiting from outstanding connectivity, the surrounding area is well served by a wide range of amenities along London Road and within the city centre, both of which are within easy reach. The property is also situated close to the University of Leicester and Leicester Railway Station, making it particularly attractive to occupiers. The strong transport links, nearby amenities and proximity to key institutions contributes to consistent demand and sustained occupancy levels year after year.
VAT
The property has not been elected for VAT and is therefore not payable on the purchase price.
Services
We understand all mains services are connected to the property.
EPC
Available upon request.
Legal Costs
Each party is to bear their own legal costs incurred.
Planning
We understand that the property has authorised use from the Local Planning Authority under Use Class C3 Dwelling House Use of the Town and Country Planning (Use Classes) (Amendments) (England) Regulations 2020.
Viewing
Viewings are by appointment with sole agents Innes England.