Mixed Use
DRAFT DETAILS - A superb freehold investment opportunity comprising of two retails units and three self-contained flats.
Situated in the centre of Shepshed on a busy through-fare linking Market Place and the village centre.
The site requires some modernisation but would give an estimated rental income of around £25,000-£30,000 per annum once let.
Shepshed has undergone recent major house building and development and there is a government project to invest in regeneration of the village centre.
The village has a great range of amenities including shops, pubs, restaurants, schooling and supermarkets and gives excellent links to Loughborough, Leicester, Ashby de la Zouch and the motorway network.
Vacant
Formerly a café premises with main retail / seating area and kitchen area. WC in courtyard.
This was formerly two retail units and could be easily converted back, subject to any required consents.
Hallway, lounge, kitchen, bedroom and shower room.
Lounge/kitchen, bedroom and bathroom.
Comprises -
Shop, kitchen and wc.
Lounge, kitchen, bedroom and bathroom.
Was let on an assured shorthold tenancy at £300 per calendar month. The flat will be sold with vacant possession upon completion.
Vacant.
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.
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