Mixed Use
A large, mixed use property comprising of a ground floor shop with two self-contained flats.
Situated in a highly desirable location on Leicesters Golden Mile. Located in a vibrant location with other retail shops, bars and restaurants close by and an abundance of residential housing.
The property is in need of modernisation and upgrading but offers scope to generate a rental income of circa £30,000 per annum
Ground Floor Shop.
Studio Flat To Rear
Two Bedroom Flat To First Floor.
Offered freehold and with vacant possession.
Shop:
Main Retail Area 16.54m x 3.61m max
Store 2.80m x 2.40m
Ground Floor Flat:
Lounge / Bedroom 2.92m x 2.87m
Kitchen 3.43m x 2.55m
Bathroom 2.70m x 1.85m
First Floor Flat:
Reception Hallway
Landing
Lounge / Diner 4.84m x 3.83m
Kitchen 4.10m x 1.90m
Bedroom One 3.80m x 1.95m
Bedroom Two 2.75m x 2.36m
Shower Room
Outside:
Enclosed rear yard with gated access.
Freehold. Vacant possession upon completion.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers 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.
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