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Commercial Development for sale

Moor Lane, Loughborough, Leicestershire, LE11 1BA

Guide Price* £100,000

Property Description

Key features

  • COMMERCIAL / RESIDENTIAL DEVELOPMENT
  • An overage provision will be included within the contract entitling the Seller to recover 50% of any increase in value over a 25 year period. This would apply on a development of over 3 units...

Full description

Tenure: Freehold

Sold for £125,000. For Sale by Public Auction on 23/11/2016

Location:
The site is located near to the town centre on the corner of Moor Lane and A6 Jubilee Way.

Description:
A former butchers shop in need of modernisation and repair with land to the side and rear on a total site area of approximately 638 sqm (0.157 acres). There is potential for other uses including residential development subject to planning permission.

Site Area:
638 sqm (0.157 acres) approx.

Planning
Potential for other uses including residential development subject to planning permission.
Local Planning Authority: Charnwood Borough Council (01509) 634741.

Note
An overage provision will be included within the contract entitling the Seller to recover 50% of any increase in value over a 25 year period.
This would apply on a development of over 3 units or 2,500 sqft (across both Leicestershire County Council and Charnwood Borough Council sites).
The Buyer will be responsible for all disbursement costs, a contribution of 1% (with a minimum of £1,000) plus VAT towards the Seller's surveyor's fees and 1% (with a minimum of £1,500) plus VAT towards the Seller's legal fees.

Tenure
Freehold.

Solicitors
The County Solicitor, Legal Services, Leicestershire County Council, County Hall, Glenfield, Leicester LE3 8RA
Tel: (0116) 305 6055 ~ Ref: K Jobanputra


Map & Street View

Disclaimer - Property reference 54107. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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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