Commercial property for sale
14 King Edward Road, Loughborough, Leicestershire, LE11 1RZ
- PROPERTY TYPE
Commercial Property
- SIZE
2,551 sq ft
237 sq m
Key features
- COMMERCIAL INVESTMENT
- Freehold, subject to existing lease. The property is currently occupied under the terms of a 3 year lease, which expired 29.11.2016. The tenant pays a rent of £10,200 pa in monthly...
- GUIDE PRICE: £130,000 - £135,000
Description
Location:
The unit is located off Great Central Road and is near to Great Central Trading Park and Great Central Railway - Loughborough.
Description:
A single storey fitness training centre of approximately 2,557 sqft with roller shutter door and 2 forecourt car parking spaces.
Accommodation:
Ground Floor:
Fitness studio, 2 changing rooms each with WC and shower, office.
Total GIA: 2,557 sqft (237 sqm) approx.
Outside:
2 forecourt car parking spaces.
Tenure
Freehold, subject to existing lease.
The property is currently occupied under the terms of a 3 year lease, which expired 29.11.2016. The tenant pays a rent of £10,200 pa in monthly instalments.
The property is under offer on the basis of a new 5 year lease at an initial rent of £11,250 pa, rising to £12,250 pa after the first 18 months and to £12,750 pa after an additional 18 months.
Energy Performance Certificate:
Rating 42, Band B.
Solicitors
Shoosmiths, 9th Floor, New Station Street, Leeds LS1 4JB
Tel: ~ Ref: J Speed
Brochures
Legal Documents14 King Edward Road, Loughborough, Leicestershire, LE11 1RZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Loughborough Station0.8 miles
- Barrow upon Soar Station2.5 miles
- Sileby Station4.4 miles
Notes
Disclaimer - Property reference 324585. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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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