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Fraser Noble Building &, 2 University Road, London Road, Leicester, Leicestershire LE1 7RB

Auction Event
 

Guide Price £1,500,000+ 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 24th April 2025

9.00am
Key Features
  • Two Period Buildings
  • Prime Location
  • Over 26,000 sqft
  • Corner or London Road and University Road
  • Vacant Possession
  • On Behalf of Leicester University
  • Car Park to Rear
  • Scope for Numerous Uses
  • EPC Rating: D D
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Commercial Property

Property Description:

A substantial pair of period buildings offering over 26,000 square foot of accommodation.

Internally, the buildings have been interconnected to provide one large educational facility which incorporates a mixture of open plan and cellular rooms, welfare facilities and ancillary storage together with a large function hall that features a balcony
looking over.

Both the Fraser Noble Building and 2 University Road are three storey in design and have the benefit of additional accommodation via a basement.

Externally, the property has the benefit of on-site car parking facilities located to the rear which is accessed via University Road.

A prime position on London Road, located close to The City Centre, Train Station and Victoria Park and well placed for both University of Leicester and DeMontfort University.

Scope for numerous uses, subject to any required consents.

Offered Freehold with Vacant Possession.

Fraser Noble Building:

Ground Floor 830 sqm / 8,931 sqft
First Floor 371 sqm / 3,993 sqft
Balcony 44 sqm / 470 sqft
Second Floor 333 sqm / 3,584 sqft
Basement 168 sqm / 1,805 sqft

2 University Road

Ground Floor 237 sqm / 2,549 sqft
First Floor 174s sqm / 1,881 sqft
Second Floor 171 sqm / 1,840 sqft
Basement 91 sqm / 979 sqft

Outside

Car Parking to rear with access off University Road.

Draft Sales Details

These sales details are awaiting vendor approval.

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 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 of 1.2% of the purchase price (subject to a minimum of £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.