Commercial Property
The property comprises a prominent three storey former bank of traditional brick construction surmounted by a multi-pitched slate roof. The property provides banking hall, office and storage accommodation, strong room and WCs to the ground floor, with kitchen area, staff mess and ancillary storage to the first and second floors.
Part of the first and second floors comprise a self-contained apartment known as 2a Draper Street / Evington Road, which has been sold off on a 125 year lease. The property owner is entitled to an annual ground rent from the apartment.
The property is situated in a vibrant and well established retail pitch within the suburb of Stoneygate, approximately 2 miles south-east of Leicester City Centre.
The property occupies a corner plot, and benefits from a prominent position on Evington Road, a busy thoroughfare leading to the A6 London Road and Leicester City Centre. There is a burgeoning student population due to the close proximity of the University of Leicester. Nearby occupiers include Santander, William Hill and Paddy Power.
145 Evington Rd - We understand the property is held freehold and offered with vacant possession.
2a Draper Street / Evington Road– The part first and second floor apartment has been sold off on a 125 year lease, commencing March 2006. The property owner is entitled to a ground rent of £100 p.a., increasing by £50 p.a. every 25 years.
Full lease details are available within the legal pack.
The property extends to approximately 3,656 sq.ft. (339.67 sq.m.).
All interested parties should seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed 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.
