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5 Allandale Road, Stoneygate, Leicester, LE2 2DA

Lot no: 9 Sold Prior to Auction
 

Guide Price £175,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Tuesday 9th October 2018

11.30am
Key Features
  • Commercial property situated in a highly regarded location
  • With scope for conversion
  • Potential return of over 8%
  • Superb investment opportunity
  • EPC Rating: F
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Sold Prior to Auction

Shop

Property Description:

A two storey, freehold commercial property in a highly sought after location within Stoneygate. Allandale Road is a boutique shopping area and properties rarely come to the market in this location.

The property will be sold with vacant possession but currently comprises of a ground floor retail clothing store and a beauty salon to the first floor.

As well as internal stairs there is separate external rear access to the first floor and therefore it could easily be converted to a residential flat subject to permissions.

The property wold make a great investment with an estimated rental income of around £15,000 per annum.

Suitable for numerous uses.

VAT will be applicable on the sale.

Ground Floor
Main sales shop

9.70m x 3.85m
With doorway and a large display window.

Changing Area

3.00m x 2.66m

Rear Lobby
Stock Room

4.24m x 3.30m

Toilet

With Low flush w.c. and was hand basin.

First Floor
Landing
Beauty Room 1

3.83m x 3.85m

Beauty Room 2

2.80m x 2.45m

Beauty Room 3

2.58m x 1.65m

Toilet

With w.c. and wash hand basin.

Store/ Office

2.15m x 2.00m max.

Outside

An enclosed garden and yard area to the rear with gated access leading to Francis Street. There is a staircase leading to the first floor accommodation.

Tenure:

Freehold. Vacant possession upon completion.



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.