Mixed Use
DRAFT DETAILS AWAITING VENDOR APPROVAL. Both the shop premises and the flat above require refurbishment and modernisation throughout with the potential for a variety of different uses (stpc). The property would suit an owner occupier or investor with retail and/or residential portfolios.
The ground floor retail accommodation is of good rectangular configuration. The sales area is to the front of the accommodation with storage and staff facilities to the rear. The property has the benefit of rear servicing and parking for a couple of vehicles. The shop benefits from an aluminium shop front with electric roller shutter. The main sales area is well fitted to include suspended ceiling and fluorescent lighting together with laminate wood flooring. It is heated by electric storage heaters. To the rear is a storeroom, kitchen and wc facilities.
The first floor flat is accessed via a separate shared stairwell to the rear of the premises from the service yard. The property has two bedrooms with separate bathroom and kitchen. The flat does require refurbishment but benefits from double glazing throughout with electric storage heaters.
Measham is located within North West Leicestershire and is approximately two miles from junction 11 at the M42/A42.
The subject property forms part of a parade of shops serving a dense local residential area together with a wider catchment of nearby villages.
Gross Frontage - 6.70m (22'0")
Internal Width - 5.97m (19'7")
Shop Depth - 9.45m (31'0")
Built Deptch - 11.70m (38'4")
Sales - 56.42 sq.m (6.7 sq.ft)
Store - 5.24 sq.m (56 sq.ft)
Kitchen/wc - 3.68 sq.m (40 sq.ft)
Bedroom One
Bedroom Two
Living Room
Bathroom
Kitchen
The premises are ideally suited to Class A1 retail uses under the Town and country Planning Act (Use Classes) Order 1987. Alternative uses will be considered.
The circumstances of the incoming tenant may well give rise to an entitlement to claim Small Business Rate Relief (SBRR) leading to a nil charge. Interested parties should make their own enquiries at North West Leicestershire District Council - 01530-454545.
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.
