LOT 11
GUIDE PRICE: £130,000 - £135,000
14 King Edward Road, Loughborough, Leicestershire, LE11 1RZ
Solicitor Details
Shoosmiths, 9th Floor, New Station Street, Leeds LS1 4JB Tel: (0370) 086 7371 ~ Ref: J Speed
*Guide Price & Reserves
COMMERCIAL INVESTMENT
Property Description
A single storey fitness training centre of approximately 2,557 sqft with roller shutter door and 2 forecourt car parking spaces.
Location:
The unit is located off Great Central Road and is near to Great Central Trading Park and Great Central Railway - Loughborough.
Accommodation:
Ground Floor: Fitness studio, 2 changing rooms each with WC and shower, office. Total GIA: 2,557 sqft (237 sqm) approx.Outside: 2 forecourt car parking spaces.
Tenure:
- Freehold, subject to existing lease
- The property is currently occupied under the terms of a 3 year lease, which expired 29.11.2016
- The tenant pays a rent of £10,200 pa in monthly instalments
- The property is under offer on the basis of a new 5 year lease at an initial rent of £11,250 pa, rising to £12,250 pa after the first 18 months and to £12,750 pa after an additional 18 months
Energy Performance Certificate:
Rating 42, Band B.
Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
