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1 Marchant Road, Hinckley, Leicester, LE10 0LQ

Lot no: 16 Available for £600,000
 

Guide Price £595,000+ 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.

Tuesday 17th April 2018

11.30am
Key Features
A deceptively spacious commercial unit in superb condition throughout, located close to the town centre. Please note, the sale is subject to VAT.
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Available for £600,000

Commercial Property

Property Description:

The unit is mainly single storey with an additional two storey area and totals approximately 11,000 sq ft. It is currently arranged and used as conference and function centre. It is licensed for weddings and civil ceremonies.

There are currently 8 suites / function rooms along with associated reception, offices, toilets, bar and a commercial kitchen. It has traded as a conference and events centre for around 18 years and hosts meeting rooms for large companies such as Triumph, Mira and National Grid, weddings, corporate evets, car shows and dinners. Each suite has air conditioning, heating and the lasted sound, lighting and communication links.

The venue is still taking bookings and is a turn-key business and the current owner is happy to assist in a handover to any client if required.

The size of the property also lends itself to other opportunities such as childcare, service offices, Car show room, place of worship or potential for redevelopment, all subject to any required permissions.

The property is in superb condition throughout and an internal inspection is very highly recommend to appreciate the size, condition and flexibility of the property.

Please note, the sale is subject to VAT.

Ground Floor
Reception Area
Meeting Room 1
Meeting Room 2
Meeting Room 3
Meeting Room 4
Meeting Room 5
Function Room
Main Function Room with bar and cellar
Toilets
Commercial Kitchen and Store
Utility Room
Boiler Room / Workshop
First Floor
Meeting Room 6
Office 1
Office 2
Toilets
The property has vehicle access to the main internal rooms.

Fixtures and fittings can all be available to negotiation if required.

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.