FOR SALE BY AUCTION: Wednesday 18 May 2016 Commencing at 5:30pm




56-58 Nottingham Street, Melton Mowbray, Leicestershire, LE13 1NW

Sold for £178,000.


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. Public House & Office Investment, part let and part vacant. Ideal for rental investors or owner occupiers.

LOCATION

The property is situated in a central position of Melton Mowbray Town Centre on the edge of a pedestrianised retailing area. Within close proximity to the property are a host of local traders as well as more established retailers such as Boots, Argos, Costa Coffee & Wilkinson. Melton Mowbray is located approximately 14.5 miles northeast of Leicester and has an approximate population of 26,000 people.

ACCOMMODATION

The property comprises of a three storey public house split internally to provide ground floor bar areas, pool room, ladies & gents WC, kitchen and basement providing a useful storage area. On the first and second floors there is a two bedroom self contained accomodation which comprises of a lounge, kitchen, bathroom on the first floor and two bedrooms on the second floor.

The property also has the benefit of self contained offices, which has separate access off Nottingham Street. In total there are four offices comprised over two floors with a reception area, kitchenette & two WC’s.

TENURE

Freehold part vacant part let. The offices have been let at a rent of £5,000 per annum + VAT. The lease has currently expired and the tenants (Young Swistak Solicitors) are currently holding over subject to the Landlord & Tenancy Act 1954 act section 42.

NOTE

The completion date will be on or before six weeks following exchange of contracts.
VAT is payable on this lot.

ENERGY PERFORMANCE CERTIFICATE

EPC Rating to be confirmed.

SOLICITORS

TML Solicitors
63b King Street, Leicester, LE1 6RP
TEL: 0116 2470022
EMAIL: info@tml-solicitors.co.uk

*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 £950.00 + 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.