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Vernon Street Car Park, Leicester, LE3 5JQ

Guide Price
Kal Sangra Shonki Brothers, Leicester - Auctions



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Key features

  • GUIDE PRICE: £120,000 - £130,000 PLUS VAT


For Sale by Public Auction on 24/07/2024

The site is located off Tudor Road near to The Rally playground.

A former car park of approximately 0.09 acres (436 sqyds) suitable for 2x2 storey semi detached dwellings subject to planning.

The contract will include a restrictive covenant limiting development for residential use (new build) only, subject to planning permission. The purchaser shall obtain planning permission within 6-9 months of legal completion of the purchase.
Residential development is to be completed on the site within 2 years of legal completion of the sale and if not then the Council as the Seller will have the right to re-purchase the site at the sale price or at its then market value, whichever is the lower.
The contract will include an Overage Clause for a 25-year period entitling the Seller to an Overage payment on implementation of any outline or detailed planning permission. An overage clause is to be included stating that if the residential development includes in excess of 2x2 storey semi detached dwellings, then an overage payment of 25% of the agreed sale price (subject to an upward only indexation in line with any increase in the Consumer Prices Index between the date of legal completion and date of payment of the overage) would be payable to LCC per additional dwelling.

The Council reserves the right to exercise an option to tax on the sale of the site prior to completion.
The sale will be subject to the Purchaser paying the Seller's legal and surveyors fees of 2% of the purchase price plus VAT.
No offers will be accepted on this lot prior to the auction.


Purchaser will be responsible for any demolition and site clearance within 6 months of legal completion of the purchase in order to minimise anti-social behaviour on the site. If required, the purchaser will be responsible to erect a fence of 1.8m or 2m (subject to planning permission) in height or the boundary treatment is made up of retained walls from the existing buildings in order to separate off the site from the neighbouring properties.
The full Development Guidance will be included in the sale pack.
Local Authority: Leicester City Council .

Legal Services, Leicester City Council, City Hall, 115 Charles Street, Leicester LE1 1FZ
Tel: ~ Ref: M Rai


Legal Documents

Vernon Street Car Park, Leicester, LE3 5JQ


Distances are straight line measurements from the centre of the postcode
  • Leicester Station1.2 miles
  • South Wigston Station3.9 miles
  • Syston Station4.8 miles

About the agent

Kal Sangra Shonki Brothers, Leicester - Auctions

85 Granby Street Leicester LE1 6FB

Kal Sangra Shonki Brothers, Leicester - Auctions


Established in 1966, Shonki Brothers, the first Asian Estate Agents in England, have been providing service to the public for more than 30 years, which from humble beginnings can now claim to offer a service to Vendors and Purchasers which is second to none. We are a company with the clients interest at heart and you can be assured that your needs as a potential customer of Shonki Brothers will be handled in the most efficient and pro

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Disclaimer - Property reference 252940. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kal Sangra Shonki Brothers, Leicester - Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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 Kal Sangra Shonki Brothers, Leicester - Auctions on 0116 216 5653.

*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.”

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