FOR SALE BY AUCTION: Wednesday 02 September 2020 Commencing at 5:00pm




175 Hinckley Road, Leicester, LE3 0TF

Sold under hammer for £279,500


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. Guest House arranged over ground and two upper floors to provide eight rooms having electric heating & double glazing. Ideal to convert into House of Multiple Occupation subject to planning.

LOCATION

The property is located on the main Hinckley Road within walking distance of De Montfort University, Leicester Royal Infirmary and Leicester City Centre.

ACCOMMODATION

Ground Floor:
Entrance hallway, Room 1, Room 2, dining room, kitchen, utility room & cellar.

First Floor:
Landing, Room 3, Room 4, Room 5, Room 6, bathroom, shower room, wash room.

Second Floor:
Landing, Room 7, Room 8, shower room with separate washroom.

Outside:
Front garden with patio & private rear yard area.

TENURE

Freehold with vacant possession upon completion.

RENT ACHIEVABLE

£350.00 per room / per calendar month (£33,600.00 per annum) should the property be converted into a House of Multiple Occupation (HMO).

NOTE

All rooms have wash hand basins and the Guest House has been trading for over 19 years.
The completion date will be on or before eight weeks following exchange of contracts.

ENERGY PERFORMANCE CERTIFICATE

EPC Rating to be confirmed.

SOLICITORS

Wartnaby Hefford Solicitors
44 High Street, Market Harborough, Leicestershire, LE16 7AH
TEL: 01858 463322
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 £1,500.00 + 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.