Commercial
For sale by auction – Thursday 26th June 2014
At Leicester City Football Club, King Power Stadium, Filbert Street,
Leicester LE2 7FL
Commencing at 11.30 am
Brief Description
A spacious two storey commercial property which is located on a busy through fair and lots of passing traffic and being one of the main roads leading into Leicester city center.
Property currently let on a new three year lease at £17,500 per year. Property is in excellent condition throughout and in total offers around 2250sqft, property arranged over two floors. There is parking to the front of the property for 5/6 cars and a further outside rear yard providing further storage. Property offers excellent 8% return on investment and internal viewing is highly recommended. Property also offers excellent scope for future re-development subject to any necessary planning consent.
Ground floor main sale shop area
15.5m x 9.5m
L shaped main sales area with doors and large windows to the front aspect.
Store Room
Rear Lobby
Toilet
Side lobby with staircase leading to the first floor
Currently the first floor provides further office/sales space with w/c and kitchen area comprises off:
Show room
Office
Workshop office 1
Workshop office 2
Ladies and gents W/C
Kitchen/Staff room
There is a separate size lobby with stair case leading up to 1st floor and therefore the 1st floor could be self-contained if required.
Externally
The property has a tarmac fore court providing parking for 5/6 cars and a graveled rear yard having a steel shipping container providing further storage.
The tenure is freehold subject to tenancies.
Tenure
Freehold.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 (including VAT) payable on the fall of the hammer.
Large 2 storey commercial property
Currently let at £17500 per annum
Located on busy road
Excellent rental income approx 8% return
EPC Rating: C
