120 Belgrave Gate, Leicester LE1 3GR

Sold at auction on 25 April 2024 for £380,000.

A three storey plus basement, 5756 square feet commercial property with accommodation above.

A substantial property situated on the corner of Belgrave Gate and Garden Street within Leicester City Centre. The property has most recently been operating as a takeaway/restaurant on the ground floor with storage/ancillary space in the basement and accommodation to the upper floors. The property is well placed within an established area of Leicester City Centre amongst a parade of commercial properties, many of which have residential aspects above. Given the size and location of the property, we believe it would suit a variety of uses, subject to the relevant planning consents. All necessary amenities and services can be found nearby including a selection of transport links.

Note: We have been advised that the property has been left in a poor condition and there is a suspected pigeon infestation upstairs. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Note: Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements, Heating supply and Parking arrangements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: E

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

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 £1,500 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.