Property description
- Freehold Apartment Building -
- 21 Flats -
- £162,000 Income Per Annum -
- Circa 8 % Yield -
Reliance Properties is pleased to offer this contemporary freehold block of 21 luxurious apartments within close proximity to two universities, professional firms and the Leicester Royal Infirmary. Osbourne House was professionally designed and developed to a high standard in 2005/6. The building has 24 flats, of which 3 are owned separately. The accommodation provides a range of one, two and three bedroom apartments with the benefit of two lifts and a basement car park with 12 allocated spaces. The property is very popular and has been fully let over the last 5 years with a waiting list of tenants.
GENERAL INFORMATION
The 21 flats at the property range from 549 square feet to 1194 square feet. The Site Area is a total of 0.073 Hectares / 0.180 Acres. The property is currently fully let to professionals & students.
Total Current rental income per annum is £161,957.00. The vendor prefers to sell with tenants in situ.
The property also benefits from:
- Basement Parking Lot with 12 spaces available, accessible through electric gates -
- Two lifts reaching all the floors -
- Double Glazing -
- Electric Heating -
- Furnished Flats -
- CCTV -
- FOB Entry System -
APARTMENTS SCHEDULE
| Flat Num | Beds | Bathrooms | Sq Ft |
| | | | |
| 46 FRIAR LANE | | | |
| 1 | 2 | 2 | 802 |
| 2 | 1 | 1 | 585 |
| 3 | 1 | 1 + Extra WC | 581 |
| 4 | 3 | 2 | 906 |
| 5 | 1 | 1 | 584 |
| 6 | 1 | 1 + Extra WC | 578 |
| 7 | 3 | 2 | 907 |
| 9 | 2 | 2 | 866 |
| 11 | 1 | 1 | 709 |
| | | | |
| TOTAL MONTHLY RENTAL | £5,571.45 | | |
| | | | |
| | | | |
| | | | |
| 44 FRIAR LANE | | | |
| 10 | 2 | 1 | 565 |
| 14 Duplex | 2 | 2 | 956 |
| 15 | 2 | 2 | 726 |
| 16 | 2 | 2 | 691 |
| 17 | 2 | 1 | 574 |
| 18 | 2 | 1 | 778 |
| 19 | STUDIO | 1 | 672 |
| 20 Duplex | 3 | 2 | 1135 |
| 21 | 2 | 2 | 766 |
| | | | |
| TOTAL MONTHLY RENTAL | £5,939.00 | | |
| | | | |
| | | | |
| 34 MILLSTONE LANE | | | |
| 22 Duplex | 3 | 1 + Extra WC | 1194 |
| 23 | 1 | 1 + Extra WC | 549 |
| 24 Duplex | 2 | 2 | 973 |
| | | | |
| | | | |
| TOTAL MONTHLY RENTAL | £1,986.00 | | |
| | | | |
| | | | |
| NET TOTAL MONTHLY RENT | £13,496.45 | | |
| | | | |
| | | | |
DIRECTIONAL NOTEFrom outside the Holiday Inn on St. Nicholas circle, turn in an easterly direction into Peacock Lane in an easterly direction into Peacock Lane & almost immediately turn right into Southgates. Just before Southgates merges with Vaughan Way, turn left into Friar Lane and “Osborne House” can be found on the right hand side.
Property Features :
- Freehold Apartment Building
- 21 Flats
- £162,000 Income Per Annum
- Circa 8 % Yield
- Basement Parking Lot with 12 spaces available, accessible through electric gates.