Commercial
Guide Price: £125,000+
For sale by auction – Thursday 14th August 2014
At Leicester City Football Club, King Power Stadium, Filbert Street,
Leicester LE2 7FL
Commencing at 11.30 am
A freehold mixed use building with three floors arranged as ground floor shop with residential accommodation above. Ground Floor shop currently let and generating an income of £6,600 per annum. The flat above is let at £5,700 per annum.
Total income of £12,300 per annum.
Location
The property is located in the city centre, less than half a mile from the Clock Tower and has a high volume of passing foot traffic.
Accommodation
On the Ground Floor:
Shop/Retail Unit
With A3 consent currently let as a hot food takeaway.
Wc
Cellar.
Self Contained Two bedroom Flat-
First Floor:
Lounge
Kitchen
Bathroom
Second Floor:
Two Bedrooms
Wc
Tenure
Freehold subject to tenancy
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
3 storey mixded use property
City Centre
Let at £12,300 per annum
Excellent Investment with approx 10% return
EPC: Ground Floor G, Flat D
