Other
*Guide Price: £145,000+
For sale by auction – Thursday 29th January 2015
At Leicester City Football Club, King Power Stadium, Filbert Street,
Leicester LE2 7FL
Commencing at 11.30 am
Brief Description
A large mixed use property in the heart of Shepshed. Just 2 miles from the M1 motorway network and close to Loughborough, Leicester and Nottingham.
Comprising –
A large, two storey, office block of circa 1500sq ft.
A large 2 bedroom house along with parking and gardens.
The house is currently let at £450 per month on a rolling contract from 2007 which includes utilities. We believe there is scope for a rental increase.
The offices were previously let at £15,000 per annum.
There is scope to convert the office to residential subject to the usual planning permission.
In more detail-
1 Queen Street – 2 Storey Offices
Ground Floor
Reception 116 sq ft
Office 1 158 sq ft
Office2 116 sq ft
Office 3 80 sq ft
Board Room 288 sq ft
Store Room 69 sq ft
Kitchen 62 sq ft
First Floor
Office 4 109 sq ft
Office 5 90 sq ft
Office 6 139 sq ft
Office 7 186 sq ft
Store 43 sq ft
1A Queen Street - Large 2 Bedroom House
Ground Floor
Bedroom 1 332 sq ft
Bedroom 2 132 sq ft
Bathroom
First Floor
Lounge 255 sq ft
Dining kitchen 332 sq ft
Outside
Parking for 3 vehicles and further gardens to the rear.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
*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 Property
Part Let
Large 2 Bedroom House
Large Office Block
Potential Re-development
EPC: E & E
