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Auctions
Wednesday 19th November 2008 5:00 PM
List Auctions
Leicester City Football Club
The Walkers Stadium
Filbert Way
Leicester LE2 7FL
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NEXT AUCTION:
19 November 2008
5pm
at
Leicester City Football Club
The Walkers Stadium
Filbert Way
Leicester
LE2 7FL
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| Lot 1: COMMERCIAL INVESTMENT / DEVELOPMENT |
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Land on the Corner of Crane Street / Grafton Place, Leicester LE1 3DB
Property offered on behalf of Leicester City Council
Location:
- Site located off Burleys Way opposite St Margaret’s Bus Station.
Description:
- A level site of approximately 715 sqyds (605 sqm) with 20 car parking spaces.
Planning:
- The site has planning permission for B2 general industrial use.
- Planning Application No. 20051691 dated 20.10.05 is available for inspection.
- Suitable for alternative uses subject to planning permission.
Note:
- The land is currently let on individual license agreements for car parking at £35.74 per calendar month plus VAT subject to one month’s written notice. There are currently 13 car parking spaces let.
Tenure:
- Freehold subject to existing licences.
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| Lot 2: COMMERCIAL |
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| Oakhurst Nurseries, Water Lane, South Godstone, Surrey RH9 8JX |
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Location:
- Property located between Water Lane and Tilburstlow Hill Road in South Godstone.
Description:
- A former nursery, the current use of the premises is unknown.
Accommodation:
- A mixture of outbuildings and land. Potential purchasers should refer to the Ordnance Survey map for details of the land.
Planning:
- Purchasers should refer to the local planning authority for details.
Note:
- Sale by Mortgagee not in possession pursuant to Section 101(1) of the Law of Property Act. The premises are occupied by persons unknown and it will be the Buyers responsibility to obtain possession.
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| Lot 3: RESIDENTIAL DEVELOPMENT |
Price Guide: £150,000 - £155,000
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| 25 Fairview Avenue, Whetstone, Leicester LE8 6JQ |
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Location:
- Property located in Whetstone near to High Street just off Avon Drive.
Description:
- A 2 bedroom semi detached house with full planning permission for the erection of an additional 3 bedroom
detached dwelling to the side.
Accommodation:
- Ground Floor: Entrance hall, lounge, kitchen, shower and store room.
- First Floor: 2 bedrooms, bathroom.
- Outside: Garage, front, side and rear gardens.
Planning:
- Planning permission has been granted for the erection of a 3 bedroom detached house.
- Planning Permission No. 08/0603/1/PX dated 14.10.08 and the plans are available for inspection.
- Further planning enquires should be made to Blaby District Council (telephone: 0116 272 7705).
Note:
- Potential to rent the property at £495 pcm exc.
Tenure:
- Freehold with vacant possession.
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| Lot 4: COMMERCIAL |
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| The Northbridge Tavern, 1 Frog Island, Leicester LE3 5AG |
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Location:
- Property located on A50 Frog Island, on the banks of the Grand Union Canal.
Description:
- A 3 storey public house.
Accommodation:
- Basement: Storage.
- Ground Floor: Entrance lobby, bar, serving kitchen, dining room, games room.
- First Floor: Function room, 2 offices, kitchen.
- Outside: To the rear of the property there is off road parking, boiler/laundry room, stores.
Planning:
- Potential for residential development subject to planning permission.
Note:
- Previously marketed for £250,000.
Tenure:
- Freehold with vacant possession.
Joint Agents:
- Moore & York.
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| Lot 5: RESIDENTIAL DEVELOPMENT |
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Land adjacent to Old Dalby Primary School, Longcliff Hill, Old Dalby, Melton Mowbray LE14 3JY
On behalf of Leicestershire County Council
Location:
- Site located on the corner of Longclifff Hill and Main Road adjacent to Old Dalby Primary School.
Description:
- A level site of approximately 406 sqyds (340 sqm).
Planning:
- The site has planning permission for the development of a 3 bedroom detached house.
- Planning Permission No. 08/00012/OUT dated 03.03.08 together with the drawings is available for inspection.
Tenure:
- Freehold with vacant possession.
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| Lot 6: RESIDENTIAL INVESTMENT |
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| 15 Halkin Street, Leicester LE4 6JX |
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Location:
- Property located off A46 Melton Road.
Description:
- A large terrace property converted into 3 self contained flats.
Accommodation & Tenancies:
| Flat No. | Floor | Accommodation | Tenancy | Rent (£) pcm exc. | Rent (£) pa exc. |
1 | Ground | Lounge, kitchen, 2 bedrooms, bathroom | Let on Assured Shorthold tenancy for a term of 6 months from 01.09.08 – 28.02.09 | £365.00 |
£4,380.00 |
2 | Ground, First, Cellar | 1 bedroom duplex | Let on Assured Shorthold tenancy for a term of 6 months from 04.06.08 – 03.12.08 |
£370.00 | £4,440.00 |
3 | First | Lounge, kitchen, 2 bedrooms, bathroom | Let on Assured Shorthold tenancy for a term of 6 months from 01.06.08 – 30.11.08 |
£385.00 | £4,620.00 |
Current Rental Income | - | - | - | £1,120.00 | £13,440.00 |
Tenure:
- Freehold investment subject to existing tenancies.
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| Lot 7: RESIDENTIAL INVESTMENT |
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| 17 Halkin Street, Leicester LE4 6JX |
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Location:
- Property located off A46 Melton Road.
Description:
- A large terrace property converted into 2 self contained flats.
Accommodation & Tenancies:
| Flat No. | Floor | Accommodation | Tenancy | Rent (£) pcm exc. | Rent (£) pa exc. |
1 | Ground, Cellar | 1 bedroom duplex | Let on Assured Shorthold tenancy for a term of 6 months from 11.09.08 – 10.03.09 |
£325.00 |
£3,900.00 |
2 | First | Lounge, kitchen, 2 bedrooms, bathroom | Let on Assured Shorthold tenancy for a term of 6 months from 01.04.08 31.03.09 |
£420.00 | £5,040.00 |
Current Rental Income | - | - | - | £745.00 | £8,940.00 |
Tenure:
- Freehold investment subject to existing tenancies.
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| Lot 8: COMMERCIAL |
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| 29A Central Avenue, Wigston, Leicester LE18 2AB |
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Location:
- Property located in Wigston off Long Street to the rear of All Saints Primary School.
Description:
- A single storey premises on a site area of approximately 0.17 acres. The premises have been converted into a
children’s day nursery with a capacity for approximately 70 children.
Accommodation:
- Ground Floor: 3,670 sqft (340.89 sqm) approx.
- Outside: Front playground with two separate secure side garden areas and car parking.
Planning:
- Potential for other uses subject to planning permission.
Tenure:
- Freehold with vacant possession.
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| Lot 9: COMMERCIAL INVESTMENT |
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| 8-10 Hotel Street, Coalville, Leicestershire LE67 3EP |
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Location:
- Property located in close proximity to Broadway Precinct Shopping Centre on Hotel Street near to Whitwick
Road.
Description:
- A retail unit with 5 self contained flats with a small rear yard.
Accommodation & Tenancies:
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Floor |
Accommodation | Tenancy | Rent (£) pcm exc. | Rent (£) pa exc. |
Shop | Ground | 490 sqft (45.5 sqm) approx | Vacant | - | See notes |
Flat 5 | Ground | Studio flat with lounge/ bedroom, kitchen, bathroom | Let on Assured Shorthold tenancies for a term of 6 months from 10.03.07 | £285.00 | £3,420.00 |
Flat 6 | Ground | Studio flat with lounge/ bedroom, kitchen, bathroom | Let on Assured Shorthold tenancies for a term of 6 months from 16.10.08 | £350.00 | £4,200.00 |
Flat 1 | First | Lounge, bedroom, kitchen, shower room | Let on Assured Shorthold tenancies for a term of 6 months from 01.08.08 | £370.00 | £4,440.00 |
Flat 2 | First | Studio flat with lounge/ bedroom, kitchen, bathroom | Let on Assured Shorthold tenancies for a term of 6 months from 19.04.08 | £340.00 | £4,080.00 |
Flat 3/4 | Second | Lounge, 2 bedrooms, kitchen, bathroom | Let on Assured Shorthold tenancies for a term of 6 months from 28.07.08 | £390.00 | £4,680.00 |
Total Current Rental Income | - | - | - | - | £20,820.00 |
Estimated Rental Income | - | - | - | - | £25,820.00 |
Note:
- If the retail unit is not let before the date of the auction the seller will guarantee a rent of £5,000 for a term of 1 year from the date of completion.
Tenure:
- Freehold investment subject to existing tenancies with part vacant possession.
Joint Agents:
- Nicholas Ducker & Co.
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| Lot 10: COMMERCIAL INVESTMENT |
£1,900,000 – £1,950,000 + VAT
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| Odeon Arcade, Market Place, Leicester LE1 5GF |
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Location:
- Premises located in the City centre, fronting Market Place and Cank Street, opposite the indoor market
and near to St Martins shopping centre.
Description:
- A substantial retail / leisure commercial investment of 26,988 sqft approx., divided over a number of floors with
pedestrian access from Market Place and Cank Street.
Schedule of Tenancies:
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Demise
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Area (sqft) |
Lease Term
| Rent Reviews | Lease Expiry | Rent (£) pa |
| Bingo hall / amusement arcade |
20,470 | 25 years from 29.09.01 -
see Note 1 | 29.09.11, 2016 and 2021 | 28.09.26 | £ 90,000.00 |
| Unit 1, 2, 3 | 1,340 | 10 years from 16.01.07 – see Note 2 | 15.01.12 | 15.01.17 | £ 30,000.00 |
| Unit 4 | 453 | 5 years from 04.01.08 - see Note 3 | - | 03.01.13 | £ 8,000.00 |
| Unit 5 | 426 | 3 years from 19.09.06 | - | 18.09.09 | £ 8,000.00 |
| Unit 6 | 416 | Vacant |
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| Unit 7 | 400 |
Vacant | - | - | - |
| Unit 8 | 635 | 5 years from 29.09.07 | 29.09.10 | 28.09.12 | £12,500.00
- increasing to £13,000 from 29.09.10 |
| Unit 9 | 2,250 | 15 years from 21.11.06 | 21.11.11 and 2016 | 20.11.21 | £ 28,000.00 |
| Unit 10 | 463 | 6 years from 29.09.07 – see Note 4 | 28.09.10 | 28.09.13 | £ 8,500.00 |
| K1 | 52 | 6 months licence | - | - | £ 1,750.00 |
| K2 | 83 | 6 years from 29.09.07 | 28.09.10 | 28.09.12 | £ 4,500.00 |
| Phone Mast | - | 5 years from 22.01.04 |
- | 21.01.09 | £ 1,350.00 |
| Current Rental Value | - | - | - | - | £192,600.00 - increasing to £193,100 from 29.09.10 |
| Estimated Rental Value | - | - | - | - | £208,600.00 |
Note:
- 1. Top Ten Bingo Ltd are the tenants of the main unit.
- 2. Tenant has option to determine on 15.01.2012.
- 3. Tenant has option to determine on 25.12.2010.
- 4. Tenant has option to determine on 29.09.2010.
- 5. A complete Schedule of Tenancies available upon request.
- 6. All leases are on an internal repairing and insuring basis plus service charge.
Tenure:
- Freehold investment subject to existing tenancies.
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| Lot 11: RESIDENTIAL INVESTMENT |
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1 St. James Terrace, Leicester LE2 1NA & 7 St. James Road, Leicester LE2 1HR
Location:
- Properties are located on the corner of St. James Road and St. James Terrace, off London Road and opposite Victoria Park. The location is central to Stoneygate, Clarendon Park, Highfields, Evington and the City Centre.
Description:
- Two large end terrace properties converted into 5 self-contained flats and 3 bed-sits, maintained to a high standard
with full fire alarm system and emergency lighting.
Accommodation & Tenancies:
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Property |
Flat No. |
Floor |
Accommodation | Tenancy - Let on Assured Shorthold tenancies for a term of 6 months from | Current Rent (£) pcm exc. | Rent (£) pa exc. |
| 1 St. James Terrace | 1 | Ground | Flat with bedroom, lounge, store, bathroom, kitchen.
Having GCH. | 01.11.08 | £400.00 | £4,800.00 |
| - | 2 | Ground | Bed-sit with kitchen and communal bathroom.
Having electric storage heating. | 02.11.07 | £200.00 | £2,400.00 |
| - | 4 | First | Bed-sit, lounge/kitchen and communal bathroom.
Having electric storage heating. | 30.01.06 | £225.00 | £2,700.00 |
| - | 5 | First | Bed-sit with kitchen and communal bathroom.
Having electric storage heating. | 01.10.08 | £250.00 | £3,000.00 |
| - | 6 | Second | Flat with bedroom, en-suite shower room, lounge, kitchen.
Having GCH. | 12.07.06 | £400.00 | £4,800.00 |
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7 St. James Road |
1 |
Ground |
Flat with 2 bedrooms, lounge, kitchen, bathroom.
Having GCH. |
01.08.08 |
£425.00 |
£5,100.00 |
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2 |
First |
Flat with 2 bedrooms, lounge, kitchen, bathroom, store. Having GCH. |
28.06.06 |
£425.00 |
£5,100.00 |
| - | 3 | Second | Flat with bedroom, en-suite shower room, lounge, kitchen.
Having electric storage heating. | 01.06.06 | £375.00 | £4,500.00 |
| Outside | - | - | Rear yard | - | - | - |
| Total Current Rental Income | - | - | - | - | £2,700.00 | £32,400.00 |
| Estimated Full Rental Income | - | - | - | - | - | £34,620.00 |
Note:
- For the bed-sits at 1 St James Terrace only, the landlord is responsible for the Council Tax payments, currently £1,029.75 pa.
To be offered as one lot.
If the properties do not sell as one lot, they will be offered immediately as individual lots:
- Lot A: 1 St James Terrace, Leicester LE2 1NA – Price Guide: £220,000
- Lot B: 7 St James Road, Leicester LE2 1HR - Price Guide: £210,000
Tenure:
- Freehold investment subject to existing tenancies.
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| Lot 12: COMMERCIAL |
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Former Great Wigston Working Men’s Club, 37-39 Long Street, Wigston, Leicester LE18 2AJ
Location:
- Property located on Long Street near to the junction with Willow Place close to the Wigston town centre.
Description:
- A former working men’s club with 32 car parking spaces on approximately ½ acre site.
Accommodation:
| Floor | Use | Sqft (sqm) approx. |
| Basement | Cellarage | 549 (51.05) |
| Ground | Main bar/function room, ancillary accommodation | 7,817 (726.17) |
| First | Snooker room, 2 bedroom flat | 1,599 (148.57) |
| Total GIA | - | 9,965 (925.79) |
| Outside | Car parking for approximately 32 cars | - |
Planning:
- Potential for other uses subject to planning permission.
Note:
- Previously marketed for £500,000.
Tenure:
- Freehold with vacant possession.
Joint Agents:
- Andrew & Ashwell.
View Map
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| Lot 13: RESIDENTIAL |
Price Guide: £190,000 - £200,000
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Field House, Ashby Road, Boundary, Near Swadlincote, Derbyshire DE11 7BA
On behalf of Leicestershire County Council
Location:
- Property located on the old A550 Ashby Road within the village of Boundary.
Description:
- A 2 storey 3 bedroom detached dwelling with a small rear garden and a paddock of approximately 1.5 acres.
Accommodation:
- Ground Floor: Lounge, kitchen, dining room.
- First Floor: 3 bedrooms, bathroom.
- Outside: Paddock, small garden area, to the rear there are two outbuildings and a car port.
Note:
- The property is in need of modernisation and repair.
Tenure:
- Freehold with vacant possession.
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| Lot 14: RESIDENTIAL |
Price Guide: £125,000 - £135,000
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| 1 Merton Avenue, Leicester LE3 6BF |
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Property offered on behalf of Leicester City Council
Location:
- Property located off Glenfield Road.
Description:
- A large double fronted, 4 bedroom semi detached house.
Accommodations:
- Ground Floor: Entrance hall, 3 reception rooms, ‘kitchen’, rear room, shower room with wash hand basin and w.c., further separate w.c.
- First Floor: 4 bedrooms, bathroom, separate shower room with wash hand basin and w.c., further separate w.c.
- Outside: Open, paved forecourt providing car standing space for 2 cars, rear garden.
Tenure:
- Freehold with vacant possession.
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| Lot 15: RESIDENTIAL |
Price Guide: £150,000 - £160,000
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| 163 Uppingham Road, Leicester LE5 4BP |
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Property offered on behalf of Leicester City Council
Location:
- Property located on the main A47 Uppingham Road, close to St Barnabas Road.
Description:
- A large 4 bedroom palisaded villa.
Accommodations:
- Ground Floor: Entrance hall, 2 reception rooms, breakfast room, kitchen, utility room.
- First Floor: 4 bedrooms, box room, bathroom.
- Outside: Open forecourt providing car standing space for 2 vehicles, large rear garden with w.c. and store.
Tenure:
- Freehold with vacant possession.
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