Detached house
An extremely rare opportunity to purchase 3 freehold properties in 1 lot in the heart of Leicester. The 3 properties consist of a 4 Bedroom detached house, a detached house split in to 2 apartments and a factory building of appro 3,500 sq ft
The two houses are currently let with an income of £35k per year with scope to increase, the former 2 storey clothing factory could be let as a commercial building or converted in to residential units subject to planning consent.
This lot will have massive appeal to a forward thinking investor looking to maximise their return on investment. The properties are highly desirable as they are within walking distance to the city centre, train station, Leicester Royal infirmary as well as both Leicester Universities, the football & rugby stadia too. Quite simply a phenomenal location with huge potential and masses of opportunity
Lounge, Bedroom, Kitchen and Bathroom
Lounge, Bedroom, Kitchen and Bathroom
Former Extended Clothing factory 3,000 - 3,500 sq ft over 2 floors
Entrance Hall Lounge 16ft5 x 10ft10, Dining Room 13ft2 x 10ft10, Kitchen 10ft9 x 9ft4 and WC
Landing, Bedroom 16ft5 x 10ft10, Bedroom 13ft2 x 11ft, WC, Bathroom and Shower Room
Landing, Bedroom 16ft2 x 13ft3 and Bedroom 16ft2 x 13ft3
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 under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
