Retail Property (High Street) in Leicester

49-51 Church Gate, City Centre, Leicester, LE1 3AL
  • Lot No: 8
  • Property Type: Retail Property (High Street)
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £225,000+ plus fees

Result Sold at Auction £259,000

Property Description

DRAFT DETAILS: A spacious freehold investment located along Churchgate in the city centre, only yards from the Highcross shopping centre. The property comprises of a News Agent which occupies the ground floor of number 49 and a Beauty shop which occupies ground floor of number 51 and also the first floor. Fully Let at £20,000 per annum. 49 Churchgate- Let at £9,000 per annum. Plus £200 insurance. 51 Churchgate- Let at £10,800 per annum. Planning Permission. Previous planning permission to convert the first floor into a large apartment and planning to add a 3rd storey to the building containing further residential flats. (planning permission has now lapsed - Previous planning Ref dated 2015: Leicester City Council Ref: 20150517) Potential for two shops and 3 flats.

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. 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 auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s 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 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.

Auction Details

Date 27th August 2020

Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

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Map

49-51 Church Gate, City Centre, Leicester, LE1 3AL