Retail premises for sale in St. Stephens Road, Leicester LE2

*For Sale by Auction on 27th March 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 occupies a prominent position on St Stephens Road, off the main Evington Road within a retail parade.

Accomodation:
Ground Floor -
Retail sales area = 517.92 sq ft (48.12 sq m)
WC = 57 sq ft (5.30 sq m)
Kitchen = 183.21 sq ft (17.02 sq m)

Separate access provided to Flats:

First Floor Flat -
Landing, lounge, kitchen, bedroom, bathroom.

Second Floor Studio Flat: -
Landing, open plan living room / bedroom, kitchen, bathroom.

Tenure:
Freehold subject to existing lease & tenancies:

Ground Floor - Retail:
Tenure: Let for a term of 5 years from 06.10.23
Rental Income: £900.00 p.c.m / £10,800.00 per annum

First Floor - Flat:
Tenure: Let on an A.S.T for a term on 12 months from 21.02.23
Rental Income: £800.00 p.c.m / £9,600.00 per annum

Second Floor - Flat:
Tenure: Let on an A.S.T for a term on 12 months from 01.01.24
Rental Income: £600.00 p.c.m / £7,200.00 per annum

Total Rental Income: £2,300 p.c.m / £27,600.00 per annum

note:
The completion date will be on or before eight weeks following exchange of contracts.

EPC rating:
Ground Floor Retail - EPC Rating E

*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.