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Next Auction:10 July 2024
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FOR SALE BY AUCTION: Wednesday 10 October 2018 Commencing at 5:30pm




140 Narborough Road, Leicester, LE3 0PB

Sold for £326,000


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. Commercial investment comprising of ground floor salon with offices above. There is a courtyard and stores to the rear. Ideal investment opportunity.

LOCATION

The property is set in a favourable position on the main A5460 Narborough Road close to the junction of Upperton Road. The property is within walking distance of Leicester Royal Infirmary, De Montfort University and Leicester City Centre.

ACCOMMODATION

Ground Floor Retail Unit:
Comprising of four treatment rooms along with W.C.
Gross internal area = 775 sq ft (71.99 sq m) approx.

First Floor:
Four separate office rooms along with W.C.
Gross internal area = 820 sq ft (76.18 sq m) approx.

Second Floor:
Landing, two offices.
Gross internal area = 578 sq ft (53.69 sq m) approx.

Outside:
Double gates accessed from Narborough Road leading to private rear yard with car parking. There are four stores at ground floor and one first floor storage area. Gross Internal area = 440 sq ft (40.87 sq m).

TENURE

Freehold subject to existing leases.

NOTE

The vendors have had a scheme drawn up to convert the first & second floors along with the stores into residential subject to obtaining the necessary planning consent.
The first & second floor lease provides for a mutual break clause by either the Landlord or the Tenant by giving no less than one months notice.
The completion date will be on or before eight weeks following exchange of contracts.

ENERGY PERFORMANCE CERTIFICATE

EPC Rating E.

Floor Lease Rental Income
Ground Floor Let for a term of 3 years from 29th September 2016 £8,250.00 per annum
First Floor Let for a term of two years from 25th March 2018 £9,000.00 per annum
Current rental income £17,250.00 per annum

SOLICITORS

Jones & duffin
142 Narborough Road, Leicester, LE3 0BT
TEL: 0116 2221555
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.

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