Retail premises for sale in Narborough Road, Leicester LE3

*For Sale by Auction on 22nd May 2024 commencing at 05:00 pm*
Please note this Auction will be steamed live via our website with Remote Bidding by Proxy, Telephone or Internet Only.

Location:
The property is located on the main A5460 Narborough Road, within walking distance of Leicester City Centre, De Montfort University & Leicester Royal Infirmary.

Accomodation:
Ground Floor -
Sales area = 450 sq ft (41.80 sq m)
Kitchen = 43 sq ft (4.0 sq m)

Total Net Internal Area = 493 sq ft (45.80 sq m) approx.

First Floor:
Separate access is provided at the rear of the property via an external staircase.

Landing, open plan lounge / kitchen, two bedrooms.

Second Floor:
Landing, bedroom, bathroom.

Outside:
Private rear yard.
Tenure: Freehold subject to existing agreements.

Rental income:
Ground floor - Let for a term of 5 years from 1st May 2017 (tenant currently holding over) = £833.33 p.c.m (£10,000.00 per annum)

First and second floor - Let on an Assured Shorthold Tenancy from 1st July 2024 for a term of 12 months = £956.00 p.c.m (£11,472.00 per annum)

current rental income = £1,789.33 p.c.m (£21,472.00 per annum)

note:
Purchasers are to be made aware that an additional charge of 0.75% + VAT of the purchase price will be collected on completion by the seller to cover costs incurred in selling the property.
The completion date will be on or before eight weeks following exchange of contracts.

EPC rating:
EPC Rating to be confirmed.

*Please do not hesitate to contact our office on should you wish to arrange a viewing, request an Auction catalogue or to be placed on our mailing list for future Auctions*

buyers fee: The successful purchaser will be required to pay the Auctioneers a buyer's fee of £1,800.00 (inc VAT) upon exchange of contracts on any property
which is bought prior to auction, on the auction day or post auction.

Important notice: All purchasers will be required to provide proof of identity, as well as their 10% deposit. Two forms of identification required (for further
information please see The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 at the front of the catalogue).
Deposits & buyers fees can be paid by personal cheque, bankers draft, credit or debit card (Please note charges may apply). No cash deposits will be accepted.