Comprising of a former factory unit with permission for conversion (C3 use) to 10 self-contained studio apartments. There is also planning permission for a further 6 new build apartments on land to the left hand side of the factory unit. There will be secure car parking to the rear of the unit.
Further details and drawings can be found on the Oadby and Wigston Council Website.
Factory conversion to 16 Apartments Ref 19/00247
6 x new build flats Ref 17/00274/FUL
The factory is brick build with accommodation over two floors. It appears to be in good order throughout.
There is plenty of space to the rear for parking and we believe further scope to potentially add extra units to the development in the loft space or by extending to the rear, subject to permissions.
Estimated rental income once complete is £85,000 per annum.
A great location with the train station only a few minutes walk away, the motorway network close by and a great range of local amenities.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Freehold.
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.
