Letting Pod 2, 18 Prebend Street, Leicester, Leicestershire LE2 0LA

An investment opportunity comprising of a student pod in a purpose converted building providing student accommodation.

The property comprises of a bedroom and study space with ensuite shower room.

The main building offers a secure communal reception with onsite manager, communal kitchen and further communal utility / laundry room.

Well placed with a great range of amenities locally and only a few minutes walk to the City Centre and Train Station. The property offer letting to both Leicester University Students as well and DeMontfort University.

The unit is fully let for the 2025-2026 academic year at £541 pcm / £6500 per annum.

Sold fully furnished including bed, wardrobe and workspace/desk.

We are informed the unit is held on a long lease of 250 years from 2014.
Ground Rent £760 per annum.
Service Charge £3,890.34 per annum.

NOTE
The auctioneers have not inspected the property internally. Internal photos give an example of the accommodation. The Bedroom photo may not be of the exact room for sale.

Leasehold Information
250 years from 28 November 2014. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Notes to Buyers:
We have not been provided with Tenancy Agreement and cannot therefore confirm the rental figure referred to in our marketing. Buyers are to also note the anticipated S20 works. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details
These sales details are awaiting vendor approval.

Leasehold

Subject to a tenancy

Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers 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.