8 bed flat for sale

St Martins East, Leicester LE1

Priya Properties is pleased to present this exceptional freehold investment opportunity located in the heart of Leicester City Centre.

The development comprises of five self-contained residential dwellings arranged as follows:

5A St Martins East - Two Bedroom House
Flat 1,7 St Martins East - Two Bedroom Duplex Flat
Flat 2,7 St Martins East - One Bedroom Flat
Flat 3,7 St Martins East - One Bedroom Flat
Flat 4,7 St Martins East - Two Bedroom Flat

The development is entered from Guildhall Lane into a communal courtyard, providing access to all five dwellings. Flat 1 additionally benefits from an additional entrance from St Martins East.

All five dwellings are currently tenanted and producing rental income, offering an immediate income stream for investors. The property is being offered for sale as a single freehold investment and presents an opportunity to acquire a well-positioned residential asset within one of Leicester's most established and sought-after city centre locations.

The varied unit mix appeals to a broad tenant base and has helped support consistent occupancy within this popular city centre location. St Martins East is ideally situated within walking distance of Leicester's extensive retail, leisure, employment and transport amenities, contributing to consistently strong demand for residential accommodation in the area.

This is a rare opportunity to acquire a fully occupied freehold residential investment in Leicester City Centre with established tenants in situ and immediate income generation.

Location
Situated in the heart of Leicester City Centre, St Martins East is ideally located within walking distance of an extensive range of retail, leisure and cultural amenities. The property is positioned close to Leicester Market, Highcross Shopping Centre, Curve Theatre, St Martin's Square and Leicester Railway Station.

The location benefits from excellent public transport connections and convenient access to major road networks serving Leicester and the wider East Midlands region. The city's universities, professional services sector and large employment base continue to support strong demand for residential accommodation within the city centre.

Tenancy
All five dwellings are currently let on Assured Periodic Tenancies, producing a combined annual rental income of £61,440.

Tenure
Freehold

Heritage Information
The development is situated within Leicester City Council's Greyfriars Conservation Area. The building at 7 St Martins East is Grade II Listed and 5A St Martins East is not listed.

Council Tax Band
Leicester City Council

5A St Martins East - Band B
Flat 1,7 St Martins East - Band D
Flat 2,7 St Martins East - Band C
Flat 3,7 St Martins East - Band C
Flat 4,7 St Martins East - Band D

EPC Rating
5A St Martins East - 59 D
Flat 1,7 St Martins East - 67 D
Flat 2,7 St Martins East - 54 E
Flat 3,7 St Martins East - 55 D
Flat 4,7 St Martins East - 67 D

Important Notice
Priya Properties for themselves and for the Vendors whose agent they are, give notice that:
1) Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2) The particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute part of an offer or contract. Prospective purchaser(s) and lessees ought to seek their own professional advice.
3) All descriptions, dimensions, areas, reference to condition and if necessary, permissions for use and occupation and their details are given in good faith and believed to be correct. Any intending purchaser(s) should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
4) No person in the employment of Priya Properties has any authority to make or give any representation or warranty, whether in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Vendors.
5) No responsibility can be accepted for any expenses incurred by any intending purchaser(s) in inspecting properties that have been sold, let or withdrawn.

Measurements and Other Information
All measurements are approximate. Whilst we endeavour to make our sales particulars and floorplans accurate and reliable, if there is any point which is of particular importance to you, please contact this office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.