Commercial
For sale by auction – Thursday 14th August 2014
At Leicester City Football Club, King Power Stadium, Filbert Street,
Leicester LE2 7FL
Commencing at 11.30 am
Sold on behalf of the joint LPA receivers.
A large 3 storey mixed use property. Ground floor shop let as a Takeaway and large flat over the first and second floors.
The property is well located in the centre of Braunstone Gate, close to a wide range of bars, shops and restaurants. An excellent investment with great rental return.
Comprises:-
Ground floor
Let to ‘Bombay Bites’ takeaway for a term of 12 years from June 2012 at a rent of £7,750 +Vat per annum.
Upper Floors
Arranged as a self-contained flat. The flat has just become vacant but was previously let at £475 pcm.
Tenure
Freehold subject to tenancies.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
The sale of each lot is subject to a buyers fee of £750 (including VAT) payable on the fall of the hammer.
Mixed Use Property
Ground Floor Let As Takeaway
Large, Vacant Flat Above
G/F let at £7750+Vat per Annum
Superb Investment
