Morland Avenue, Leicester, Leicestershire, LE2 2PF
52 Narborough Road
Tel: 0330 1244 786
About the Property
An opportunity to purchase a Freehold investment. A block of 4 apartments, which have all been sold off on leases.
This corner property is conveniently located off the A6, facing the popular London Road.
There is planning permission in place to convert the loft space and basement into 2x large two bedroom flats which could then be sold on or rented out. Planning permission was granted in 2008 by Leicester City Council. Planning Ref 20080695.
Works were started and the building regulations log showing this is included within the legal pack.
Further plans have been drawn to indicate the potential of re-designing the loft space to include an additional 3rd apartment, subject to planning permission.
The buyer will also benefit from the Ground Rent Income of the other 4 flats which we are informed totals £200 per annum. Along with the opportunity to manage the block giving further income.
We are informed the new owner will also benefit from any payment from the other 4 flats for any future lease extensions. We are informed the other four flats have 67 years remaining on their leases.
- SELLING VIA SDL AUCTIONS
- FREEHOLD DEVELOPMENT
- POTENTIAL TO BUILD TWO OR THREE APARTMENTS SUBJECT TO PLANNING
- PRIME LOCATION OF LEICESTER
- LEGAL PACK AVAILABLE
- VIEWING ADVISED
- CALL TODAY