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8A Swan Street, Sileby, Loughborough, Leicestershire LE12 7NW

Lot no: 79 Sold After Auction
 

Guide Price £185,000+ plus fees

UnconditionalOn 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.

Thursday 26th September 2024

9.00am
Key Features
  • Former Methodist Church
  • Investment Opportunity
  • Let at £16,000 per annum
  • Used as a School for Additional Needs
  • Planning Permission for Conversion to 4x Apartments
  • Popular and Well Serviced Village
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Sold After Auction

Commercial Property

Property Description:

A former Methodist Church which is now used as a School for additional need students.

Originally built in 1931 the property underwent a scheme of upgrading and re-development and now offers excellent size accommodation over 2 floors totalling 269 sqm / 2896 sqft. Numerous period features throughout including stone mullion windows and exposed timbers.

A mixture off reception rooms, classrooms, offices, toilets and kitchen along with small outside courtyard areas.

Offered let at £16,000 per annum. The last 5 year tenancy has expired and is now on a rolling contract.

Planning permission was granted in January 2024 for conversion to 4 large apartments. 3x Two beds and 1x One Bed. Charnwood Council Planning Ref P/23/1924/2.

Sileby is a well serviced village with a good range of amenities, excellent transport links and train station.

A great investment opportunity with planning permission for future development.

Ground Floor -
Reception
Second Reception Hall 9.00m x 4.00m
Classroom - 7.75m x 4.05m
Classroom - 7.50mx 4.20m
Rear Lobby
Office- 4.55m x 6.60m
Classroom - 5.80m x 4.55m
Kitchen - 4.05m x 4.10m
Rear Hallway
Toilets

First Floor -
Office One- 9.00m x 6.45m max
Office Two - 5.95m x 4.05m
Office Three - 5.60m x 2.70m

Outside -
Small outside space to front along with small courtyard areas to side and rear.

Draft Sales Details

These sales details are awaiting vendor approval.

Completion Date

Completion will be 28 working days from exchange. Please refer to the special conditions within the legal pack.

Tenure:

Freehold. Subject to tenancy.


Utilities Information
  • Heating Supply: Electric
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

On Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee £1,500 inc. VAT

The Buyers 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 Price

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.