22 bed block of flats for sale

Knighton Fields Road West, Knighton Fields, Leicester LE2

*For Sale by Auction on 24th February 2021 commencing at 05:00 pm*

Freehold. Building Land with planning permission granted for 21 x 1 bed flats and 1 x 2 bedroom flat (Class C3). Ideal development opportunity situated within popular residential location.

Location
The site can be found off the main A5199 Welford Road, within walking distance of Leicester University, Leicester Royal Infirmary, Clarendon Park and all major amenities.

Land
The site currently houses vacant industrial units, having an approximate site area of 8,450 sq ft (780 sq m).

Planning
Planning permission was granted on the 30th October 2018 for the demolition of existing factory units and construction of three storey building to provide 21 x 1 bedroom self contained flats & 1 x 2 bedroom self contained flat (Class C3) (Application No: 20170813). Interested parties should make their own enquiries by contacting the local planning authority.

Tenure
Freehold with vacant possession.

Rent Achievable
After conversion: £158,500.00 per annum exclusive.

Note
We have been informed by the sellers that preconstruction planning conditions have been submitted to the local authority.
The completion date will be on or before eight weeks following exchange of contracts.

Solicitors
Thomas Flavell & Sons Solicitors, Church Walk, Hinckley, LE10 1DN. Tel: *Please do not hesitate to contact our office on should you wish to arrange a viewing, request an Auction catalogue or to be placed on our mailing list for future Auctions*

note: Properties can be purchased prior to Auction