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Commercial Property for sale

London Road, Leicester, LE2 3JX

Guide Price* £800,000

Property Description

Key features

  • VAT will not be applicable on the purchase price. The sale will be subject to the Buyer paying the Seller's legal and surveyor's fees of 1% plus VAT. There is to be an uplift clause for 25...

Full description

Tenure: Freehold

Sold for £1,030,000. For Sale by Public Auction on 23/11/2016

The property is located on the main A6 London Road near to the junction of Stoughton Road and Knighton Road within the Stoneygate Conservation Area.

A substantial 2 storey detached property with basement totalling approximately 9,942 sqft (924 sqm) on a site of approximately
1.44 acres (0.58 hectares). The property requires renovation.

GIA: 1,281 sqft (119 sqm).

Ground Floor:
GIA: 4,661 sqft (433 sqm).

First Floor:
GIA: 4,004 sqft (372 sqm).

Total GIA: 924 sq m (9,942 sqft) approx.

The property has existing D1 use with ancillary offices.
Class D1 includes a range of uses which include uses for educational and training, worship, health centres, crches, consulting rooms, public halls, galleries and exhibition halls.
Suitable for alternative uses including residential (C3) and office units (B1) subject to planning permission.
Local Planning Authority: Leicester City Council (0116) 454 3000.

VAT will not be applicable on the purchase price.
The sale will be subject to the Buyer paying the Seller's legal and surveyor's fees of 1% plus VAT.
There is to be an uplift clause for 25 years entitling the Council to 30% of any increase in value should a future owner receive planning permission for any use outside of Use Classes B1 (Business) and D1 (Non residential institutions).
No offers will be accepted on this lot prior to the Auction.


Energy Performance Certificate:
Rating 84, Band D.

Legal Services, Leicester City Council, City Hall, 115 Charles Street, Leicester LE1 1FZ ~ Tel: (0116) 454 1409 ~ Ref: J McIvor

Map & Street View

Disclaimer - Property reference 51496. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Shonki Brothers Ltd, Leicester - Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Shonki Brothers Ltd, Leicester - Auctions on 01162 543373.

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