Commercial Property
The property comprises a prominent three storey mid-terraced former bank premises of brick construction surmounted by a pitched-tiled dormer roof, arranged over basement, ground, first and second floors.
The property provides banking hall, ancillary office accommodation, strong room and WCs to the ground floor, with further offices, storage and WCs to the first floor. The second floor provides storage, kitchen and WCs. The basement has historically been utilised as storage.
Externally, there is a rear garden / yard (with an approximate site area of 0.09 acre) and off road parking for two cars.
The rear garden / yard is considered suitable for residential development subject to obtaining any necessary planning consents.
The property is situated within the market town of Lutterworth, which lies approximately 7 miles north east of Rugby and 16 miles south of Leicester. Junction 20 of the M1 Motorway is within 1 mile.
The property occupies a prominent town centre position on High Street, which forms part of the principal retail provision within the town, along with Church Street.
Nearby occupiers include Domino’s, Subway and Barclays Bank. There are a number of offices, pubs and restaurants located within close proximity, along with public ‘pay and display’ car parks.
We understand the property is held freehold and is offered with vacant possession.
The property extends to approximately 3,076 sq.ft. (285.80 sq.m.).
All interested parties must seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed future use.
We understand VAT will not be chargeable on this transaction.
All interested parties are advised to refer to the Special Conditions of Sale within the legal pack for their own verfication.
See viewing schedule.
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.
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