Property Details

1 bedroom flat for sale For Sale

Primus Edge, Atkins Street, Leicester, LE2

£65,000

ROI = 17% BMV = 46.03%

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Description

SellMyHome are proud to present to market this fantastic Studio apartment located in the heart of Leicester City. This student development is not one to be missed and perfect for investors! The property is fully managed and ideal turnkey investment currently achieving approximately 10% yield. Primus Edge is ideally located close by to De Montfort University & Leicester Royal Infirmary with a short distance to Leicester City Centre, Leicester University & Leicester Train Station. The property further benefits from a long lease and guaranteed rental income from students which is currently let until September 2025. Please contact SellMyHome to book your viewing appointment! This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional. Tenure: Leasehold Lease Length: 244 Years Remaining Service Charge: £1,880.89 per annum Ground Rent: £250 per annum Management Fee: 4% All details above are approximate and should be checked via your solicitors.

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