Mixed Use
A mixed use property in a busy trading location.
The property comprises of a ground floor retail shop (Former Barbers) A one bedroom flat above and a store/ workshop to rear which may offer scope for residential conversion, subject to planning.
Well placed on Aylestone Road in a parade of similar properties. The road is a main route to and from the City Centre.
Offered Part Let and Part Vacant.
Ground Floor Shop - Approx 550 sqft. - Vacant. Estimated Rental value of £10,000 per annum.
First Floor Flat- Let at £500 pcm / £6000 per annum. Scope for rental increase to £600 pcm / £7200 per annum.
Rear Store- Requires renovation and may offer scope to convert to a one-two bedroom residential unit, subject to planning - Potential rental income £3000- £10,000 per annum.
In good order throughout. Main Shop - 8.72m x 4.40m. Rear Lobby 4.36m x 2.33m. Hallway. Cloakroom - With toilet and wash hand basin.
Not inspected internally but believed to comprise- Lounge, Kitchen, Double Bedroom, Bathroom.
A store premises being part two storey. Could be let as storage or may offer scope to convert to residential, subject to planning. Ground Floor approx. 30 sqm / 323 sqft. First Floor Approx. 15 sqm / 161 sqft.
Shared gated path leads to a small rear yard/ garden.
O2, EE, Three and Vodafone are available in this location.
BT, Sky and Virgin are available in this location.
Standard 14 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.
Solid brick, with internal insulation. Information taken from EPC.
Freehold. Part let/part vacant.
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.
