Commercial Property
The property comprises a detached former bank of traditional brick construction arranged over two storeys with basement, surmounted by a part flat, part pitch-tiled roof.
The property provides banking hall, strong room and ancillary office accommodation to the ground floor with staff room, ancillary storage and WC’s to the first floor. There is ancillary storage space and a night safe situated within the basement.
Externally the premises provides a large tarmacadam surface car park with gated entrance, with space for approximately 14 cars.
The property is located within Coalville, in north west Leicestershire, situated approximately 8.5 miles south west of Loughborough and 12.5 miles north west of Leicester. The main arterial route into the town is the A511 Ashby Road, which provides direct access to Junction 22 of the M1 Motorway to the south east.
The property is situated on Belvoir Road which, along with High Street and the Belvoir Shopping Centre, form the principal retail provision within the town.
Occupiers within the vicinity include Lloyds TSB, Santander, Subway, Betfred and Domino’s.
We understand the property is held freehold and offered with vacant possession.
The property extends to approximately 2,846 sq.ft. (264.40 sq.m.).
All interested parties must seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any potential future use.
We understand VAT will not be chargeable on this transaction.
All interested parties are advised to refer to the Special Conditions of Sale within the legal pack for their own verification.
See viewing schedule.
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.
