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An exciting opportunity to purchase an investment portfolio of 7 apartments currently each let on Assured Shorthold Tenancies with an annual rent passing of £85,000 per annum (£7085 per month).
Situated in the heart of Leicester City in a purpose built block of apartments. All apartments are two bedrooms and vary on which floor they are located on within the building.
The properties are currently held in an investment company and it is the intentions of the vendors to sell 100% of the share capital of this Limited Company.
Further details of the apartments and the investment company available from the selling agents along with EPC and Council tax information.
LOCATION
Agin Court is situated on Charles Street in the heart of the new Cultural Quarter. Just five minutes walk from both the mainline railway station and short walk to the Highcross shopping centre with its anchor John Lewis store, it's surrounded by theatres, cinema, restaurants and reaps all the benefits of living in the heart of the City.
APARTMENTS
The portfolio includes 7 two bedroomed apartments situated within the building. Further details of each property and location within the building available via the selling agent.
LEASES
The properties are each subject to a lease of 125 years with 120 years remaining. Details of ground rents and service charges available via the selling agents. Each property is also let under Assured Shorthold tenancies, again further details from the selling agents.
METHOD OF SALE
The properties are currently held in a private limited company at it is the intention of the vendors to sell 100% of the share capital of this company.
ENERGY PERFORMANCE RATING
Six of the properties have a B rating EPC and the remaining property has a C classification.
MONEY LAUNDERING
To comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 any successful purchaser/purchasers will be asked to provide proof of identity and we will therefore need to take copies of a passport/photo driving licence and a recent utility bill (not more than three months old). We will need this information before Solicitors are instructed.
COUNCIL TAX BANDING
All seven properties have a council tax banding of D
APPRAISALS & SURVEYS
If you have a house to sell then we offer a free valuation, without obligation.
Andrew Granger & Co undertake all types of Valuations including R.I.C.S. Homebuyer Survey and Valuation Reports, Valuations for probate, capital gains and inheritance tax purposes and Insurance Valuations. For further information contact our Surveying Department on 0116 242 9933.
To book a viewing or make an enquiry, please complete this form.
