Remote Bidding Auction

Auction to be streamed live on our website www.shonkibros.com
Bidding via Internet | Telephone | Proxy
You will need to pre-register for remote bidding, the form can be downloaded from our website and found within our auction brochure. Please ensure you provide your identification and a complete remote bidding form no later than 24 hours prior to the auction. Please do not hesitate to contact us if you are unsure of the remote bidding process.

DESCRIPTION

Freehold site comprising of self contained industrial unit, detached house converted into two self contained flats along with adjoining land. Potential for redevelopment subject to obtaining the necessary planning consent.

LOCATION

The site can be approached via the main A47 King Richards Road turning right into Fosse Road North. Continue over the traffic light junction of Henley Road and take the second left into Pool Road. Ruby Street can be found off Pool Road.

ACCOMMODATION

No. 44 Ruby Street:
The property currently comprises of a self contained light industrial unit having a yard area, two production areas and associated stores. Approximate area = 3,610 sq ft (335.38 sqm).

No. 46 Ruby Street:
A detached house converted into two self contained flats both Let on Assured Shorthold Tenancies.

Ground Floor Flat - entrance area, lounge, kitchen, bedroom, bathroom.

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

Adjoining Land:
There is adjoining Land to the property which extends to approximately 1,633 sq ft (151 sq m). Ideal for residential development subject to obtaining the necessary planning consent.

TENURE

Freehold part vacant & part investment.

46a Ruby Street (G/F)- Let on an Assured Shorthold Tenancy for a term of 6 months from 5th January 2018 at a rent of £405.00 per calendar month exclusive (£4,860.00 per annum).

46b Ruby Street (F/F) - Let on an Assured Shorthold Tenancy for a term of 6 months from 19th June 2015 at a rent of £390.00 per calendar month exclusive (£4,680.00 per annum) (tenant currently holding over).

NOTE

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

ENERGY PERFORMANCE CERTIFICATE

EPC Rating to be confirmed.

SOLICITORS

Bank Solicitors Limited

TEL:
EMAIL:

*GUIDE PRICE & RESERVES

Definition of Guide Prices:
The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered.

Definition of Reserve Price:
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price is confidential it will usually be set within the quoted guide range and in any event will not exceed the highest quoted guide price.

Buyer’s Fee / Additional Costs
For each Lot, a Buyers' Fee of £1,800.00 inc VAT is payable on the fall of the hammer. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

Disclaimer
All measurements are approximate. Whilst we endeavour to make our sales particulars accurate and reliable, these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before. Shonki Bros have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. Potential buyers are advised to recheck the measurements before committing to any expense. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants.