Kings Newton Street, Leicester, LE2

**RARE OPPORTUNITY - AUCTION PROPERTY * VIEWING HIGHLY RECOMMENDED** This freehold property in the heart of the Highfields area of Leicester includes a ground floor convenience store, currently operating and generating approximately £3,000 per week with a 25% profit margin. The seller has successfully run the business for 18 years. Above the store, there is a one-bedroom flat currently rented at £650 per month with a market value of £750 per month.

Accommodation Ground Floor

As you enter the main entrance of the premises you will be lead to:

Shop Floor-Ground Floor

This large area measuring 12.27m x 4.12m is a fantastic space equipped with tiled flooring, accommodating gas and electrics, and access to the rear of the shop. An added bonus is the lobby leads to the cellar.

Bathroom-Ground Floor

Leading from the lobby, you will find a bathroom equipped with a matching white piece bathtub, WC and sink.

WC Ground floor

In the location off the lobby you will also conveniently find another WC .

Storage Room Ground Floor

At the rear of the shop you will find the storage Room.

Lounge/Diner First Floor

On the first floor you have the lounge/dining area measuring at 4.86m x 4.25m. The room comes with carpeted flooring and two large windows allowing natural light to easily stream through.

Bedroom

Off the lounge/dining area is the bedroom. Equipped with a radiator and a large window with carpeted flooring .

Kitchen

A great sized kitchen featuring laminated flooring, kitchen work tops and wall mounted cupboards with splash back tiles, built in oven with extractor fan, gas hob and a mixer tap with drainer. The kitchen allows good space for your white goods .

Tenure & Council Tax

FREEHOLD

Viewing arrangements

Viewings are strictly by appointment only.

Need Independent Mortgage Advice?

We are pleased to introduce Russell Marston, who works with Newton Fallowell Estate Agents to provide our customers with expert mortgage advice. He has access to thousands of mortgages, including exclusive deals not available on the high street. His advice is tailored to your circumstances, whether you’re looking to take your first steps on the property ladder, moving home, or even investing in a buy-to-let property. He can help find the right mortgage for you and support your application every step of the way. To speak with our expert 'in branch' adviser, please contact our office.

Making an Offer

In line with current money laundering regulations, prospective buyers will be asked to provide us with photo I.D. (e.g. Passport, driving licence, bus pass etc) and proof of address (e.g. Current utility bill, bank statement etc). You will also be asked to provide us with proof of how you will be funding your purchase. Please note that when making an offer, if you are taking out a mortgage, you will also be asked to have a no obligation chat with our 'in branch' mortgage adviser to confirm your affordability. We ask for your cooperation in this matter. We ask for your cooperation in this matter as this information will be required before a sale can be agreed.

Agents Note

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Details are given without any responsibility, and any intending purchasers, lessees or third parties should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All photographs, measurements (width x length), floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. All services and appliances have not and will not be tested by Newton Fallowell. Lease details, service ground rent are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. We retain the copyright.

Referrals

Newton Fallowell and our partners provide a range of services to our vendors and purchasers, although you are free to choose an alternative provider. We can refer you to Benjamin York at Chamelo to help with finances, we may receive a referral fee if you take out a mortgage through him. If you require a solicitor to handle your sale or purchase, we can refer you on to a panel of preferred providers and we will receive a referral fee should you decide to use them to sell or purchase a property. We can also refer you to a surveyor and energy assessor and we will receive a referral fee should you use their services. If you require more information regarding our referral programmes, please ask at our office.

Free Property Valuations

If you have a house to sell then we would love to provide you with a free no obligation valuation.

Auction Details

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of