LOT 06

GUIDE PRICE: £300,000 - £310,000

44-50 St. Ives Road, Leicester, LE4 9FN

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 part single and part 2 storey detached unit of approximately 3,886 sqft on a site area of 0.55 acres with 2 storey offices, 2 separate outdoor sales pitch areas and a single storey vehicle repair workshop at the rear.

Location:

The property is located off Barkby Road near to the junction of Fairfax Road.

Accommodation:

Ground Floor: Large reception, 3 offices, kitchenette, WC. GIA: 805 sqft (75 sqm)
First Floor: 3 offices, kitchenette, WC. GIA: 792 sqft (74 sqm)
Rear Single Storey Workshop (part not inspected/measured): Body shop. GIA: 1,214 sqft (113 sqm) - excluding unmeasured area. Total GIA: 3,886 sqft (361 sqm) approx.
Outside: Display Forecourt 1 (Left): 1,387 sqyds (12,486 sqft) Display Forecourt 2 (Right): 2,185 sqyds (19,665 sqft).

Tenure

  • Freehold
  • Originally let on a 10 year FRI lease from 10.09.2015 with 5 year rent reviews, at a passing rent of £23,700 pax
  • The head tenant has sublet parts of the property on subleases, all leases have expired
  • The head tenant and sub-tenants remain in occupation

Energy Performance Certificate:

Rating 62, Band C.

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.

LE4 9FN

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44-50 St. Ives Road, Leicester, LE4 9FN