24 & 24A Swan Street, Sileby, Loughborough, Leicestershire LE12 7NW

This property has been postponed from the auction, but remains available. We expect the property to be re-entered into a future auction soon. Please contact the team for further information.

A spacious commercial investment property split into two parts but let on one lease as a College for additional needs students.

Main house to the front, now offering office space, classrooms and kitchen with its own rear garden.

Second unit which is a former factory and now fully remodelled for its current use which comprises of classrooms, workshops, large kitchen, reception and lift. Accommodation is over 2 floors and it has a secure courtyard.

The site is let at £20,000 per annum. The last lease has expired and is now on a periodic basis.

Potential scope for future re-development, subject to planning.

Sileby is a well service village with a good range of amenities excellent transport links and train station.

Main House:

Ground Floor -
Reception Hallway
Lounge 4.90m x 3.30m
Sitting Room 3.95m x 3.30m
Extended Kitchen 6.10m x 4.00m
Side Lobby
Toilet

First Floor -
Office 1 / Landing 3.30m x 3.80m
Office 2 3.80m x 3.30m
Office 3 3.20m x 3.75m
Office 4 3.85m x 2.35m
Large Bathroom 5.90m x 2.10m

Outside -
Small garden to front and enclosed rear garden.

Rear College Unit:

Ground Floor -
Reception Room 5.70m x 4.50m
Large Kitchen 4.50m x 5.90m
Inner Hall
Bathroom
Work Room 4.50m x 3.90m
Workshop 10.00m x 6.00m

First Floor -
Landing
Classroom 1 - 6.50m x 5.60m
Classroom 2 - 10.30m x 3.25m
Inner hallway with lift
Walk in store
Toilet

Outside -
Wide gated access leads to an enclosed tarmac yard / garden with store.

Draft Sales Details These sales details are awaiting vendor approval.
Completion Date Completion will be 28 working days from exchange. Please refer to the special conditions within the legal pack.

Tenure: Freehold

EPC Rating: C and C

Terms:
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.