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10 Bedroom Flat

Lot 1. The Conneries, Loughborough, Leicestershire, LE11

£ 900,000

Call the Loughborough branch on 01509 611887

Features:

  • Priven investment model with 10 occupied units- ready to take over existing tenanacies and amnagement, subject to contract.
  • *Option to purchase the freehold ltd company with units included as assetts with additonal retail unit and unit 38.

 

Property Description:

A proven investment opportunity to purchase multiple investment units set out in more detail below or to purchase the limited company and freehold.

Receiving proven rent around 6% nett yield on 9 units or projected 5.8% nett yield on 11 units.

Lot 1; purchase 9x leasehold units detailed.
Lot 1 with option; Purchase The Conneries Ltd which owns 11 units as assetts and will be sold unencumbered.

*There is an option to purchase plot zero retail and plot 38 in addition to the main 9 in lot 1, including the special purchase vehicle and limited company SPV (0.5%) compared to the higher stamp duty land tax rates payable on the acquisition of land and property. The seller is not looking to negotiate on a share of the saving. Buyers should make their own investigations as we are not tax advisors, prior to making any transactional decisions.

All units have under floor heating,

Loughborough is a thriving town, lying a short distance from Junction 23 of the M1 motorway network. The town has a mainline railway station providing regular services to London St. Pancras and provides easy access to East Midlands Airport. This exclusive development is located on the south-west side which is ever so popular for professionals, affluent students and professionals situated within the second largest town in Leicestershire. Fine eateries, a multitude of shops, banks and building societies, coffee shops, fitness centres, a cinema & bars, the town has a wide variety of leisurely opportunities for people of all backgrounds readily available within a short walking distance from the secure complex that is The Coneries.

3 -1 Bed / 1 Bath Flat 547.00 £595.00 £7,140.00 £200.00 £450.00 123 years. Hallway: via front entrance door, walk-in storage cupboard. Family bathroom, comprising panel bath, concealed cistern WC, vanity wash handbasin. Tiled surrounds, extractor fan, inset spotlighting.

Master bedroom 4.50m x 4.74 m max. Having two double glaze windows to front elevation, inset spotlighting.

Lounge 5.45m x 4.10m. Wall and base units, hob, oven and extractor. Part tiled floor. Double glazed window to front .

4 -1 Bed / 1 Bath Flat 547.00 £610.00 £7,320.00 £200.00 £450.00 123 years.
Entrance hall; via front entrance door having walk-in storage cupboard housing gas central heating boiler second walk-in storage cupboard, doors to;

Family bathroom; comprising panel bath, wash hand basin vanity unit, concealed cistern WC. Tiled floor tiling to walls mixer tap and shower attachment, inset spotlighting.

Double bedroom; 3.41 m x 3.35 m. Having double glaze window to front elevation, inset spotlighting.

Living room / diner; 5.56m x 5.44m reducing 3.35m. Double glazed windows to front elevation, spot lighting. Kitchen area with hob, oven and extractor.

11 -1 Bed / 1 Bath Flat 560.00 £605.00 £7,260.00 £200.00 £450.00 123 years

13 -1 Bed / 1 Bath Flat 547.00 £595.00 £7,140.00 £200.00 £450.00 123 years

15 -1 Bed / 1 Bath Flat 521.00 £625.00 £7,500.00 £200.00 £450.00 123 years.
Entrance hall; via main entrance door, walk-in storage cupboard, doors to:

Lounge/kitchen; 7.50 m x 2.89 m max. Lounge area having double glaze window to front elevation, open plan to kitchen area comprising a matching range of wall and base units, rolled edge worksurfaces, inset 1 1/2 bowl sink with mixer tap. Tiling to floor. Inset hob integral oven and extractor hood.

Double bedroom; 3.02 m x 4.41 m. Having double glaze window to front elevation, inset spotlighting.

Family bathroom; comprising panel bath with mixer tap and shower attachment, vanity wash handbasin, concealed cistern WC. Tiled walls and floor, inset spotlighting.

17 -1 Bed / 1 Bath Flat 479.00 £500.00 Income; £6,000.00
Ground rent /service £200.00 /£450.00 -123 years

29 -1 Bed / 1 Bath Flat 560.00 £610.00 £7,320.00 £200.00 £450.00 123 years

30 -1 Bed / 1 Bath Flat 516.00 £595.00 £7,140.00 £200.00 £450.00 123 years

34 -1 Bed / 1 Bath Flat 572.00 £575.00 £6,900.00 £200.00 £450.00 123 years

There is an option to purchase the limited holding company with the properties attached and two further units, by full or separate negotiation;

*38 1 Bed / 1 Bath Flat & Parking Space 516.00 £625.00 £7,500.00 £200.00 £450.00 123 years

*0 Retail/Office & Parking Space 630.00 £600.00 £7,200.00 £200.00 £450.00 123 years

Ground rent: £200
Length of lease: 125 years
Service Charges and what is included £400 (COMMUNAL AREAS; management, electricity, maintenance of communal space, gate and lift maintenance, communal cleaning)
Insurances and other charges: £100

*Images are for illustration purposes only and are not related to specific units.

 

Call the Loughborough branch on 01509 611887