A freehold, mixed use property comprising a good size retail unit and two self contained flats above. Fully refurbished and let at £22,600 per annum.
A superb investment opportunity comprising of a two storey property offering a ground floor retail unit, currently let as a Barbers and 2x one bedroom flats above. The property has undergone extensive refurbishment in the last year and is in excellent order throughout.
Situated in the heart of Shepshed in a busy through fare, opposite the library and next to Asda, numerous independant retail units and coffee shops and the weekly Friday market.
54 Hall Croft - Let to Barbers on a 7 year lease at £10,000 per annum.
56 Hall Croft- One bedroom flat let at £500 per calendar month/£6,000 per annum.
56A Hall Croft- One bedroom flat let at £550 per calendar month/£6,600 per annum.
Total Income of £22,600 per annum and offering a yield of around 10%.
Excellent investment with income from day one. A real hands off investment. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Room sizes are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to tenancy.
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 (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.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
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