Commercial Property in Leicester

465 Welford Road, Leicester, LE2 6BL
  • Lot No: 6
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Variable Fee
Nest Estate Agents

Guide Price* £155,000+ plus fees

Result Sold at Auction £180,500

Property Description

DRAFT DETAILS: The property has been utilised by the same family for two generations and has come to the market due to the owner taking retirement. The internal fixtures and fitting will be included in the sale including counters, fridges, freezers, ovens, shelving etc. It would make a great business investment or also offers scope for conversion to 2 flats and smaller shop, subject to any required permissions. Well placed on one of the main routes in and out of the city. The first floor was formerly a self-contained flat but is now used as storage and office space, but could easily be converted back, subject to permissions. Total area approx. 135 sqm / 1420 sqft. The property briefly comprises:

Ground Floor:

Main Sales Shop 9.50m x 3.50m Prep Area / Kitchen 7.10m x 3.86m Store 7.20m x 4.15m


First Floor:

Store/ Office 8.47m x 4.16m Bathroom 3.65m x 2.00m


Outside:

Shared site passage. Enclosed rear yard.


Tenure

Freehold

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 Variable Fee (England and Wales). 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 auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s 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.

Auction Details

Date 27th August 2020

Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

465 Welford Road, Leicester, LE2 6BL