An unbroken freehold of 33 flats in Leicester will go under the hammer at Network Auctions London sale on 19 April.
Guided at £1.9m, the flats have an estimated rental value of £184,800 pa.
The recently refurbished block occupies a 0.28 acre site in Upper Temple Walk, Leicester. It contains 11 one-bedroom and 22 studio flats and comes with planning consent to create two further flats from ground-floor storage.
Network Auctions director Toby Limbrick said: “This is a ready-made turnkey investment and there is no 3% investor levy.
“At the guide price this produces a yield of 9.7% with the opportunity to increase rental income by implementing the planning consent. It’s unusual to find unbroken freeholds of this size and we believe the market will be competitive.”
The sale will be held at the Grosvenor House Hotel, W1.
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