This property is no longer on the market
32 bedroom flat
Key information
Property description & features
- Freehold Block of 19 Indiviudal Flats
- 13 x 2 Bedroom Flats
- 6 x 1 Bedroom Flats
- Potential Return of £170,000 Per Annum Once LET
- Priced To Sell Due to Renovation Required
- Valid EICR Until 2025 For Each Flat
- EPC Valid until 2024 for 14 Flats & 2031 for 4 Flats
- New Windows Required
- Rare Opportunity
Being one of the most recognisable buildings in South Wigston dating back to the 1890s and now in receipt of the prestigious 'Blue Plaque' by Wigston Civic and Historical Societies.
Formally known as the 'Marquis of Queensbury' and originally built as a hotel with a ballroom on the first floor before being converted into a public house and subsequently into 19 individual apartments.
The property currently has 13 Vacant Flats, with 4 Let on Assured Shorthold Tenancy Agreements and 2 Let on a rolling tenancy.
Once renovated, this property should circa an income between £160,000 - £170,000 per annum once fully LET on Assured Shorthold Tenancy Agreements.
There is a basement with access via the communal area. This is used solely for storage purposes. The outside space is a cobbled courtyard space, which has access from the internal communal door and the double gates located Fairfield Street on the right hand side of the property.
The 1 Bedroom flats will achieve £700-£750 per calendar, once renovated
The 2 Bedroom flats will achieve £750-£800 per calendar month, once renovated
Location - The property is located in South Wigston, Leicestershire. It is conveniently located to local supermarkets, South Wigston Train Station, Local Schooling including Primary & High Schools as well as South Leicestershire College and close to Fosse Shopping Park.
Method Of Sale - Method Of Sale - The properties are currently held in a private limited company at it is the intention of the vendors to sell 100% as freehold.
Lease, Ground Rent & Service Charges - There is no lease attached to the property, ground rent or any service charges. The buyer will be purchasing the full freehold title.
Council Tax Banding - All 19 Flats have a council tax band A.
Energy Performance Rating - 3 of the flats have an EPC Rating B
2 of the flats have an EPC Rating C
9 of the flats have an EPC Rating D
3 of the flats have an EPC Rating of E
Property information from this agent
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Broadband availability and predicted speed: obtained from Ofcom on January 28, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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