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3 bedroom commercial property for sale

The Parade Shepshed Loughborough

Sold by Us £169,950

Property Description

Full description

Tenure: Freehold

A rare and an exciting opportunity to purchase three units all currently let and bringing in approximately £13,860 per annum exclusive. In addition to the flats, there are three garages, two currently let out and bringing in again £1,000. What is rare about the sales of these units is that they come with freehold to the flats above unit. Number three commercial unit has a front door to the shop, store to the rear and W.C. Flat 4 is a two bedroom flat to lounge and open plan kitchen, two bedrooms and bathroom and small utility area. Flat 5 is a one bedroom flat with open plan lounge/kitchen, double bedroom to the rear showroom with W.C. off There is a provision within the lease that the ground rent increases every thirty three years. Currently that is £50.00 per unit and after 33 years, this will go up to £100.00 and then again the next 33 years will go up to £150.00. This is an exciting opportunity for those looking to invest, offers scope for a good renewal in the years to come and must be renewed to appreciate the potential offer. Energy Rating of 3 is E. Energy Rating for 4 is D. Energy Rating for 5 is E.

FRONT SHOP: 23'1" x 17'11" (7m x 5.5m) Four light points. Ceiling glazed windows and door to the front elevation. Laminate flooring, Plumbed-in sink. Door through to:-

FURTHER STORE: 5'6" x 4'7" (1.7m x 1.4m) Door through to:-

W.C: This comprises of W.C. and wash hand basin with window to the rear.


OPEN PLAN LOUNGE/KITCHEN: 21'10" x 17'11" (6.7m x 5.5m) Window and door to the front elevation. Three wall light points. Night storage heater. Wall mounted fan heater. Laminate flooring.
KITCHEN AREA: Which ranges of base eye level units with work surface. Inset 1½ bowl sink and side drainer. Oven and hob extractor fan. Space for fridge freezer. Door leads to:-

HALLWAY: Leads from down to the back door with ceiling light point. Door to:-

UTILITY AREA: Which has a space for plumbing a washing machine. Housing the hot water cylinder and ceiling light point.

BEDROOM 1: 12'8" x 8" (3.9m x 2.4m) Ceiling light point. Double wardrobe. Night storage heater.

BEDROOM 2: 8'8" x 7'10" (2.6m x 2.4m) Built in wardrobe. Ceiling light point. Night storage heater.

BATHROOM: Comprises of a three piece suite to include a corner bath with shower attachment over. W.C and wash hand basin. Ceiling light point. Extractor fan. Ladder effect heated towel rail.


OPEN PLAN LOUNGE/KITCHEN: 21'6" x 17'9" (6.6m x 5.4m) String style lighting with four light points and three further wall light points. UPVC double-glazed windows and doors to the front elevation. Night Storage heater and wall mounted convector heater. Laminate flooring.

KITCHEN AREA: Comprises of a range of base and eye level units with insert surfaces. Integrated oven and hob. Space for washing machine and fridge freezer. Door to:-

HALLWAY: Ceiling down lights. Door to Rear:-

BEDROOM: 12'7" x 8'6" (3.8m x 2.6m) Ceiling light points Night storage heater and built in wardrobe with mirrored front.

SHOWER ROOM: 6'9" x 7'5" (2.1m x 2.3m) Shower cubicle. Ceiling light point. Extractor fan. Four tiling to the walls and to the floor. Door through to:-

W.C: W.C. and wash hand basin. Light point. UPVC double-glazed windows to the rear and fully tiled floor and walls.

OUTSIDE: Number 3 has no front space. Just a walk way to the shop. To the rear there is access at garage. Both flats have a small decking area to the front which is separated from the walk way and is for their use only.

DIRECTION NOTE: Proceed out of Loughborough in a Southerly direction on the A6 Leicester Road. At the first stop at traffic lights turn right onto Southfield Road follow the road around to the right onto the left onto Forest Road and the first traffic island junction, take the fourth exit onto Epinal Way and continue past the university talking the first exit to keep to A512. Continue on to the A512 over to the motorway traffic and junction up entering the village of Shepshed proceed to the second of the traffic lights, turning right onto charnwood road. Take the first left hand turn onto Anson Road, continue down the hill where on the right hand side and the entrance to Griffin Close can be located, where the parade is situated in between the entrance of Griffin Close and the new Co-op store, and all three are located onto the right hand side.
SERVICES: Electric and water are connected to the Property. Freckeltons have not tested the services and appliances and interested parties should make their own investigations.

TENURE/POSSESSION: We understand the property to be freehold and each unit is occupied under tenancy agreement. For further information please contact the agent.

LOCAL AUTHORITY: Charnwood Borough Council, Southfields, Loughborough 01509 263151

PURCHASE PROCEDURE: Prior to applying for a mortgage or instructing a Solicitor please contact our office to ascertain that the property is still available. We will be pleased to arrange for a Solicitor to act on your behalf if necessary.

MONEY LAUNDERING: Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002 any successful purchasers who are proceeding with a purchase will be asked for identification i.e. a passport, driving license or recent utility bill. This evidence will be required prior to Solicitors being instructed in the purchase.

VIEWING: Strictly by prior appointment through ourselves.

IMPORTANT NOTE: All dimensions and floor plans are approximate and given for guidance only. Any statements regarding services, appliances and installations are based upon information given by the Vendor and do not warrant their condition. 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. Intending purchasers should not rely on them as statements of presentation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by this firm has the authority to make any representation or warranty in respect of the above. Details produced on the 23/01/18. We are members of The Property Ombudsman scheme.

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