FOR SALE BY AUCTION: Wednesday 15 Jul 2020




85 Hinckley Road, Leicester, LE3 0TD

Sold under hammer for £273,500


DESCRIPTION

Freehold. Retail unit comprised over three floors, having car parking to the rear. Suitable for a variety of uses subject to obtaining the necessary planning consent.

LOCATION

The property is within walking distance of De Montfort University, Leicester Royal Infirmary and Leicester City Centre.

ACCOMMODATION

Ground Floor:
Retail area, access to stores with W.C.

Separate entrance door with staircase off leading to upper floors.

First Floor:
Landing area, three rooms.

Second Floor:
Landing area, two rooms.

Outside
Parking available to rear which can be accessed via Musgrove Close.

Total Net Internal Area = 1399 sq ft (130 sq m) approx.

TENURE

Freehold with vacant possession.

NOTE

We have been informed there is a cellar at the property however this has not been inspected.
The upper floors could be converted into residential subject to obtaining the necessary planning consent.
The completion date will be on or before 2nd October 2020 following exchange of contracts.

ENERGY PERFORMANCE CERTIFICATE

EPC Rating to be confirmed.

Floor Estimated Full Rental Income (P.C.M) Estimated Full Rental Income (P.A)
Ground £750.00 £9,000.00
First & Second
(After conversion)
£600.00 £7,200.00
Total Rental Income (After Works): £1,350.00 £16,200.00

SOLICITORS

T.B.C

TEL:
EMAIL:

*GUIDE PRICE & RESERVES

Definition of Guide Prices:
The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered.

Definition of Reserve Price:
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price is confidential it will usually be set within the quoted guide range and in any event will not exceed the highest quoted guide price.