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Ivydene, Ivydene Close, Earl Shilton, Leicester, LE9 7NR

Lot no: 22 Sold at Auction for £400,000
 

Guide Price £400,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 9th August 2018

11.30am
Key Features
  • Spacious Victorian Property
  • Formerly Used as a Care Home
  • Extensive Gardens
  • Summer House
  • EPC Rating: D
  • In Need of Renovation
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Sold at Auction for £400,000

Healthcare Facility

Property Description:

A former grand Victorian residence, converted into flats in the 1970s and thence into a 17 bedroom Residential Care Home in the 1980s. The house offers very spacious accommodation spread over three floors, a cellar and outbuildings with a combined floor area believed to be in excess of 650 sqm (7,000 sqft). Set back from the High Street in Earl Shilton down a private driveway, the house benefits from extensive grounds on a separate title deed which are included in the sale.

The building and grounds have been used for a number of purposes and a number of planning applications have been submitted and approved over the years. The house is subject to a current planning application for change of use back to its original residential status.

Ground Floor

Entrance Conservatory and Office, Hall, Inner Lounge, 2 Additional Lounges, Dining Room, Kitchen, Pantry, Laundry, Staff Room and WC, Lift, Shower Room, WC, 5 bedrooms

First Floor

Landing, 12 bedrooms, two WCs, Sitting Area, Bathroom and WC, Lift

Second Floor

Lounge, Bedroom, Kitchen, Shower Room and WC, additional storage room

Cellar

Extensive cellar

Outside

Gardens, secluded Courtyard, outbuilding and sheds to the North Side. Extensive gardens and Summer House to the South Side.

Tenure:

See Legal Pack. 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 Variable Fee (England and Wales).

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 fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.