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349 Abbey Lane, Leicester, Leicestershire LE4 5QJ

Lot no: 16 Sold Prior to Auction
 

Guide Price £285,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 10th August 2017

11.30am
Key Features
  • Former car wash site
  • Planning for A1 retail potential to re-develop
  • Building approx 1700 sqft
  • Site area approx 0.2 acres
  • EPC Rating:
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Sold Prior to Auction

Mixed Use

Property Description:

A former car wash site located on the main A6 Abbey Lane, one of the main roads leading in and out of Leicester. The site was last used as a car wash classed as Sui Generis but planning permission was granted in May 2016 for A1 Retail use.

The site is approx. 0.2 acres and has a brick and steel framed building of approx. 1700 sqft.

Suitable for numerous retail uses and also offers scope for residential development subject to consents.

In more detail-

The site is rectangular in shape and has a depth of 16 meters and a road frontage of 49 meters. It is mainly tarmac surfaced and enclose by brick wall and fenced boundaries with a vehicle access point to the left hand side of the site. The site offers ample car parking spaces.

The building is brick and Steel framed with roller doors to each end and uPVC windows and measures 23 meters by 6.8 meters.


A superb opportunity for an owner occupier business or a great investment opportunity which would give a sound rental yield.

Tenure:

Freehold. Vacant possession upon completion.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

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 auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s 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
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.