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Commercial Property in Leicester

1 Marchant Road, Hinckley, Leicester, LE10 0LQ

Lot no: 16 Property type: Commercial Property 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* £595,000+plus fees Result Available £600,000



A deceptively spacious commercial unit in superb condition throughout, located close to the town centre. Please note, the sale is subject to VAT.

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.


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.