Other
*Guide Price: £125,000+
For sale by auction – Thursday 20th November 2014
At Leicester City Football Club, King Power Stadium, Filbert Street,
Leicester LE2 7FL
Commencing at 11.30 am
Brief Description
A substantial mixed use property in the heart of Coalville Town Centre. Hair Dressing Salon currently let at £4125 per annum, 4 bedroom house let at £5280 per annum and vacant bungalow type building to the rear requiring modernization. Further driveway, garage and garden. Current rental income of £9405 with scope for further increase. Full rental income once rear building is renovated would be in region of £16,000 per annum.
Hair Dressing Salon – Let at £4125 per annum
Reception/waiting area
Salon area
Rear Lobby
Store room
Office
Toilet
Main House – Let at £5280 per annum
Kitchen
Large Pantry
Lounge
4 Bedrooms
Family Bathroom
Bungalow Building – Vacant, requiring works
Reception Hallway
5 Rooms (some internal with no windows)
Kitchen
Shower Room
Outside –
Driveway
Garage
Gardens
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
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.
Mixed Use Investment Property
Hair Dressing Salon
4 Bedroom House
Derelict Bungalow To Rear
EPC TBC
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