Gipsy Lane, Leicester
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Description
An excellent mixed-use freehold investment opportunity in a sought-after location.
Two commercial units and two first-floor flats. Each flat is let on assured periodic tenancies at £500.00 per calendar month. Number 292 is let at £475.00 per calendar month, and 290 is currently vacant.
There is land to the rear and extensive timber-constructed storage units to the rear of 290.
There is scope to raise rents in line with current market levels. ERI £34,000 per annum.
290 Gipsy Lane Ground Floor - 7.80m x 5.57 max (25'7" x 18'3" max) - Currently vacant. ERI of £12,000 per annum.
Note there are extensive substantial timber constructed stores to the rear.
290 Gipsy Lane First Floor Flat - Entrance hall, Lounge 3.75m x 3.20m, Bedroom 4.11m x 2.43m, Kitchen 2.59m x 2.52, Bathroom 1.75m x 1.67m . EPC D 35m2 currently let at £6000 per annum
292 Gipsy Lane Ground Floor - 3.50m x 2.97m (11'5" x 9'8") - Plus a walk in store 3.20m x 1.53m. Currently let at £5700.00 per annum.
292 Gipsy Lane First Floor Flat - Entrance hall, Lounge 4.11m x 3.35m, Bedroom 4.35m x 2.74m, Kitchen 2.28m x 1.92m, Bathroom 1.92m x 1.52m EPC C 36m2. currently let at £6,000 per annum
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Buyer's Administration Fee - The successful buyers will be required to pay an auction administration fee of £1800 inc VAT ( £1,500 + VAT)
Brochures
Gipsy Lane, LeicesterBrochureGipsy Lane, Leicester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station1.8 miles
- Syston Station2.9 miles
- South Wigston Station5.1 miles
Notes
Disclaimer - Property reference 34854314. 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 Readings Property Group, Leicester. 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 Readings Property Group, Leicester on 0116 216 4124.
*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.”