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Commercial Property for sale

Pavilion Way, Loughborough, LE11 5GW

Guide Price* £400,000

Property Description

Key features


Full description

Tenure: Freehold

For Sale by Public Auction on 27/06/2018

The unit is located within Castle Business Park which is located off Jubilee Drive in the main Belton Road Industrial Estate. Nearby occupiers include, B&Q, Screwfix and Sixt Car Hire.

A modern end terrace unit of approximately 4,133 sqft within a block of four. A mezzanine provides further ancillary accommodation. The property is currently used as a warehouse and benefits from chiller rooms, loading doors and ample car parking. Outline planning permission has been granted for development of 2 storey offices.

Ground Floor:
Warehouse, chiller rooms.
GIA: 4,133 sqft (384.4 sqm) approx.


Car parking.

Outline planning permission has been granted for development of detached 2 storey offices on the car park.
Planning Application No. P/18/0362/2 dated 24.05.18.
Local Authority: Charnwood Borough Council (01509) 634737.

Freehold, subject to existing lease.
Let on a 10 year FRI lease from 12.04.12 at £25,000 pax, with a 5 year rent review and mutual break clause option in April 2020.

Energy Performance Certificate:

Bond Adams, Richmond House, 94 London Road, Leicester LE2 0QS Tel: (0116) 285 8080 ~ Ref: R Patel

Map & Street View

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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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