Other
*Guide Price: £138,000+
For sale by auction – Thursday 29th January 2015
At Leicester City Football Club, King Power Stadium, Filbert Street,
Leicester LE2 7FL
Commencing at 11.30 am
An excellent mixed use property comprising of 2 shops and self- contained flat over. Both shops are let at £3377 per annum. There is lapsed A5 permission for hot food on one shop which lends itself to this as there is a thriving fish and chip shop close by. The flat is currently let at £5400 per annum.
The total rental income is £12,144 per annum and therefore give a return of around 9%.
There is a large amount of residential property in the surrounding area to give plenty of opportunity to a range of business.
7 Shop Premises
Retail Area 10' 8" x 10' 10" ( 3.25m x 3.30m )
The retail area of the shop at no. 7 has a double glazed door to the front and a double glazed window to the front. There is also a storage cupboard.
Kitchen and Toilet
Store Room
Office
9 Shop Premises
Retail Area 16' 9" x 10' 7" ( 5.11m x 3.23m )
This shop has a double glazed door and window to the front. There are electric heaters and electricity.
Kitchen Area
Store Room
Toilet
7 A The Flat
Entrance Hall
The entrance hall has a double glazed door to the side and stairs leading to the first floor.
Lounge 12' 5" x 9' 10" ( 3.78m x 3.00m )
The lounge is open plan with the kitchen and has a double glazed window to the front and a radiator.
Kitchen Area 7' 11" x 7' 6" ( 2.41m x 2.29m )
The kitchen is fitted with a range of modern wall and base units. There is a double glazed window to the rear.
Bedroom 1 11' 6" x 9' ( 3.51m x 2.74m )
This bedroom has a double glazed window and a radiator.
Bedroom 2 9' 3" x 7' 5" ( 2.82m x 2.26m )
This bedroom has a double glazed window and a radiator.
Bathroom
With modern 3 piece suite.
Outside
Fore-court and parking to the front for 4 cars.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers fee of £750 (including VAT) payable on the fall of the hammer.
2x Shops & Large Flat Above
Fully Let
1 Income of £12,144 Per Annum
Excellent Investment
EPC Rating: D
