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Mixed Use in Earl Shilton

194 High Street, Earl Shilton, Leicestershire LE9 7LQ

Lot no: 9 Property type: Mixed Use Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £100,000+plus fees



A spacious mixed use property comprising a shop premises to the ground floor and a two bedroom flat above.

Property Description

Fully let with a total income of £8840 per annum. Situated on High Street in Earl Shilton amongst other shops and amenities. High Street is one of the main routes in and out of this well serviced village. The property is double glazed throughout and benefits from parking to the rear which may offer development potential in the future.

Sales Shop

Currently used as a Nail Salon and let to a long standing tenant at £4420 per annum.

Main Salon
With windows and door fronting High Street.

Rear Salon Room
With window to the rear.

Kitchen
With sink unit and storage and door leading to the rear yard.

Toilet
With low flush w.c.

2 Bedroom Flat

Self-contained with rear access and let on an assured shorthold tenancy at £4160 per annum.

Hallway

Kitchen
Base and wall units, sink unit, space for appliances and window to the rear.

Lounge
With window to the front aspect.

Bedroom 1
With window to the front aspect.

Bedroom 2
With window to the rear.

Bathroom
With low flush w.c. wash hand basin and panel bath with shower over, part tiled walls and window to the rear.

Outside

The property benefits from side vehicle access leading to a concrete parking area for at least 3 vehicles. This land may also offer future development potential.

Tenure

Freehold. Subject to tenancy.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.