Commercial Property in Leicester

101 Hinckley Road, Leicester LE3 0TD
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Variable Fee

Guide Price* £200,000+ plus fees

Property Description

A substantial freehold vacant property located along Hinckley Road, Leicester. The building is understood to have been built in the last quarter of the 19th century as an end of terrace dwelling. It is one of four quite substantial properties which would originally have comprised reasonably prestigious dwellings. Accommodation is arranged over four floors, to include a part basement, part lower ground floor section. In around 1988 the original building was extended to the rear. This part of the building is of single storey construction. The majority of the building is of solid brick construction, whilst the single storey extension is of cavity brick and block. The roof to the front section cannot be seen from ground level but is apparently pitched and a Google Earth image suggests that it is clad with slate, as is most of the pitched roof covering to the rear single storey section. There are some small flat roofed sections, to include a footway fire escape route from the first floor over the rear single storey section. To the front elevation is a double height bay window feature. Apart from a small forecourt area over part of which there are steps leading to the front entrance, and a small area to the rear where the fire escape terminates, the building covers the entire plot. The accommodation comprises (Dimensions are in m2 and are approximate). Ground Floor Entrance hall 7.3m2 Main office/reception 20.6m2 Office Two 14.6m2 Staff kitchen 8.4m2 Lavatories x3 7.6m2 Boiler cupboard 2.3m2 Corridors 13.2m2 First Floor Room One 27.8m2 Office 14.1m2 Kitchen Area 9.2m2 Lavatory 6.1m2 Corridor 10.4m2 Second Floor Computer Training Room Room Two Stair Lobby Lower Level Computer Training Room 27.0m2 Basement Stores 18.9m2 Building total 256.4m2 (2,759 sq. ft.) approx. Leicester has a population of almost 370,000 (2021 Census) and serves a wider catchment population of over 500,000, being one of the principal cities of the East Midlands, along with Nottingham and Derby. It is about 25 miles south of Nottingham and about 40 miles to the northeast of Birmingham. The city has good access to the motorway network being situated just to the east of the M1, with access from junctions 21 and 22 via the A46 and A50 trunk roads respectively. The M69 motorway, which leads to Coventry and Birmingham, connects with the M1 at junction 21. Traditionally local employment was dominated by the garment industry, principally textiles, hosiery, and footwear, becoming more diverse following the decline of those traditional industries. Distribution industries are now a major employer along with the service sector and the city's two universities. Leicester railway station is situated a little over two miles to the east of the property. From Leicester there are direct services to Nottingham, Birmingham New Street and London St Pancras.

Draft Sales Details

These sales details are awaiting vendor approval.


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 Variable Fee (England and Wales). 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 fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 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.