1 bedroom Flat in Leicester

Apartment 1, The Squirrel Building, 57 Colton Street, Leicester LE1 1QA
  • Lot No: 36
  • Property Type: Flat
  • Contract Type: Unconditional with Variable Fee

Guide Price* £68,000+ plus fees

Property Description

A superb one bedroom apartment in an attractive period conversion. Well placed in Leicesters Cultural Quarter with the Curve Theatre close by as well as an array of shops, bars and restaurants. The property is offered with vacant possession and would make a great buy to let investment. Estimated rental value of £695 pcm / £8340 per annum. Communal Entrance with secure entry door and intercom system. The flat internally comprises - Lounge being open plan to the fitted kitchen, Double Bedroom and Bathroom. With long lease of 999 years from 2005 Service Charge £110 pcm Ground Rent £135 per annum.

Conservation Area

We have been made aware this property is in the St. Georges conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.


Leasehold Information

999 years from 1 January 2005. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack. We have not been provided with evidence of ground rent or service charge or a leasehold sale pack and so are not able to clarify the figures set out in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.


Satellite and Cable TV Availability

BT and Sky are available in this location.


Broadband (estimated speeds)

Standard 16 mbps. Superfast 80 mbps.


Construction Material

Solid brick, as built, no insulation (assumed). Information taken from EPC.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 24th April 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Apartment 1, The Squirrel Building, 57 Colton Street, Leicester LE1 1QA