Mixed Use
A large mixed use, freehold, property in a highly desirable location in Highfields and less than one mile from the city centre. Situated on a busy thoroughfare with plenty of passing trade and being close to Leicester University.
The property comprises of a large sales shop of nearly 2000 sqft to the ground floor which is currently let out on a 20 year lease at £19,800 per annum.
To the first floor is a large, 5-6 bedroom flat. This could be converted to provide 3x studio flats and 3x one bed flats subject to planning and plans can be found in the legal pack.
Alternatively the rooms could be let on an individual room by room basis which would generate a rental income of up to £25,000 per annum.
Estimated full rental income circa £45,000 per annum.
In more detail;
Retail Shop 12.7m x 14m
Stock Room 7.50m x 2m
Rear Lobby
Kitchen
Freezer Room
Boiler Room
Store
Toilet
Office 1 6.80m x 2.40m
Office 2 3.40m x 2.20m
Toilet with Sink and w.c.
Landing
Living Kitchen 9.00m x 3.94m
Lounge 5.02m x 3.80m
Bedroom 1 5.72m x 4.91m
Bedroom 2 5.65m x 3.90m
Bedroom 3 4.90m x 3.01m
Bedroom 4 5.50m x 2.90m
Bedroom 5 3.70m x 3.10m
Bedroom 6 6.34m x 3.62m
Bathroom 1
Bathroom 2
There is a front forecourt and enclosed rear yard.
Freehold. Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
