Commercial Development for saleMoor Lane, Loughborough, Leicestershire, LE11 1BA
Guide Price* £100,000
- 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...
Sold for £125,000. For Sale by Public Auction on 23/11/2016
The site is located near to the town centre on the corner of Moor Lane and A6 Jubilee Way.
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.
638 sqm (0.157 acres) approx.
Potential for other uses including residential development subject to planning permission.
Local Planning Authority: Charnwood Borough Council (01509) 634741.
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.
The County Solicitor, Legal Services, Leicestershire County Council, County Hall, Glenfield, Leicester LE3 8RA
Tel: (0116) 305 6055 ~ Ref: K Jobanputra
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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.
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