Commercial
For sale by auction – Thursday 20th March 2014
At Leicester City Football Club, King Power Stadium, Filbert Street, Leicester LE2 7FL
Commencing at 11.30 am
Mixed use investment property
Ground floor retail unit with one bedroomed flat
Currently let out as a whole
EPC Rating: E
Mixed use investment property comprising a ground floor retail unit currently let as a café with a one bedroom flat arranged over the ground and first floor. Currently let as a whole.
The property is located in Highfields off St Stephens Road and near to Evington Road.
We understand that the property is let for a term of 10 years from April 2009 at a rental income of £7,800 pa, on an internal repairing and insuring basis.
Accommodation
Ground Floor:
Retail unit of approximately 299 sqft (27.8 sqm), Kitchen.
First Floor:
Two rooms, bathroom
Outside:
Small shared rear yard
Tenure
We understand that the property is a freehold investment subject to existing lease.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on the fall of the hammer.
Mixed use investment property
ground floor retail unit with one bedroomed flat
Currently let out as a whole
EPC Rating: E
