Land off Gipsy Lane, Leicester, LE5 0TB
- SIZE
18,299 sq ft
1,700 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- GROUND RENT INVESTMENT
- Freehold ground rent investment subject to 8 long leases. Each ground lease is for a term of 999 years from 01.01.1989 at a current annual ground rent of £100 pa and £120 pa for the...
- GUIDE PRICE: £5,000 - £10,000
Description
Location:
The site is located off Gipsy Lane, near to the junction of Thurmaston Lane.
Description:
A site of approximately 0.42 acres comprising The Drive, lawn areas and ground rent investment subject to existing leases for a block of 8 flats, 4 of which have a garage each.
Total Site Area:
0.42 acres (1,700 sqm) approximately.
Tenure
Freehold ground rent investment subject to 8 long leases.
Each ground lease is for a term of 999 years from 01.01.1989 at a current annual ground rent of £100 pa and £120 pa for the 4 flats with garages.
Rent review every 21 years, the next review to be in 2031.
Current Rental Income: £880 pa.
Solicitors
Nelsons, Provincial House, 37 New Walk, Leicester LE1 6TY
Tel: ~ Ref: J Coningsby
Brochures
Legal Documents- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Land off Gipsy Lane, Leicester, LE5 0TB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station2.1 miles
- Syston Station3.1 miles
- South Wigston Station5.1 miles
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 260079. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kal Sangra Shonki Brothers, Leicester - Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Kal Sangra Shonki Brothers, Leicester - Auctions on 0116 216 5653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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