Mixed Use in Loughborough

3, 4 & 5 The Parade, Shepshed, Loughborough, Leicestershire LE12 9QS
  • Lot No: 3
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £125,000+ plus fees

Result Sold Prior to Auction

Property Description

Well placed in a popular residential location within the well serviced village of Shepshed. On offer is the Freehold of the whole building. The three flats on the upper floors have been sold on long leases. The ground rent income is £150 per annum. Total rental and ground rent income has been £15,070 per annum and offers a return of around 12%. Tenure Freehold subject to tenancies.

3 The Parade- Hair Salon Let at £410 pcm

With a large retail/ salon space, toilet and large store room to the rear.


4 The Parade- A two bedroom apartment- Last let at £400 pcm

Currently vacant, with open plan lounge/kitchen, 2 bedrooms and bathroom.


5 The Parade- A one bedroom apartment – Last let at £350 pcm

Currently vacant, with open plan lounge/kitchen, bedroom and bathroom.


Externally –

There are 3 single lock up garages to the rear. Two are let at £500 per annum each.


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 12th February 2019

Venue Leicester Auction
Leicester City Football Club, Keith Weller Suite, King Power Stadium, Filbert Way, Leicester, LE2 7FL

Lot Information

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Map

3, 4 & 5 The Parade, Shepshed, Loughborough, Leicestershire LE12 9QS