Swan Street, Sileby, Loughborough

A two storey office building offered part let/part vacant.

The main building (Parkside House) offers office space over two floors and contained four let office spaces along with communal reception/seating areas, toilets and two kitchens.

The adjacent building (10A Swan Street) comprised of a self-contained office space with two offices, shower room and kitchenette.

A total of 224 sqm/2410sqft of office space along with reception areas, kitchen and toilets.

Outside is a small yard area and a timber store which is let on an informal basis.

Parkside House - four fully let office units with a combined income of £1200 per calendar month/£14,400 per annum.

Timber Store - let at £50 per calendar month/£600 per annum.

10A Swan Street - offered vacant but with estimated rental value of £5,000 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Estimated income once fully let is £20,000 per annum.

A ready made investment opportunity

Property Details - Office

Property Description:
A two storey office building offered part let/part vacant.

The main building (Parkside House) offers office space over two floors and contained four let office spaces along with communal reception/seating areas, toilets and two kitchens.

The adjacent building (10A Swan Street) comprised of a self-contained office space with two offices, shower room and kitchenette.

A total of 224 sqm/2410sqft of office space along with reception areas, kitchen and toilets.

Outside is a small yard area and a timber store which is let on an informal basis.

Parkside House - four fully let office units with a combined income of £1200 per calendar month/£14,400 per annum.

Timber Store - let at £50 per calendar month/£600 per annum.

10A Swan Street - offered vacant but with estimated rental value of £5,000 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Estimated income once fully let is £20,000 per annum.

Sileby is a well service village with a good range of amenities, excellent transport links and the train station is a two minute walk away.

A ready made investment opportunity.

Parkside House
Ground Floor:
Communal hallway with stairs off, communal kitchen, Ladies and Gents WCs/shower room, office suite one - 36 sqm and office suite two - 52 Sqm

First Floor
Communal reception/seating area, communal kitchen, office suite three - sqm, office suite four - 13 sqm

10A Swan Street
Self-contained Office Suite with two offices, kitchenette and shower room. Total of 60 sqm.

Outside
Access via a path way next to 12 Swan Street leads to a yard area with Steel fire escape and enclosed area with timber store.

Construction Material

Broadband:
Standard - 17 mbps and Superfast - 58 mbps available

Mobile Phone Coverage
O2, EE and Vodafone available

Draft Sales Details
These sales details are awaiting vendor approval.

Tenure:
Freehold. Part let/part vacant.

Utilities Information
Heating Supply: Double Glazing
Electric Supply: Mains Supply
Water Supply: Mains Supply
Sewerage Arrangements: Mains Supply
Parking Arrangements
On Street


Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

The Buyers 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