LOT 20

GUIDE PRICE: £320,000 - £330,000

572 Melton Road, Thurmaston, Leicester, LE4 8BB

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 corner site of approximately 927 sqyds used as a car sales centre with car sales showroom of approximately 3,266 sqft and outdoor sales pitch area. To the side of the site there is a free-standing illuminated advertising hoarding.

Location:

The property is located on the corner of Pinfold Road and near to the junction of Humberstone Lane.

Accommodation:

Showroom: Large showroom, workshop, office, WC. Total GIA: 3,266 sqft (303 sqm)
Outside: Sales pitch area of 430 sqyds, front and side loading of 155 sqyds.

Tenure

  • Freehold, subject to existing occupation and lease
  • The occupier currently pays a rent of £20,000 pax, paid on a monthly basis
  • The hoarding is let on a 20 year lease from 24.11.2020 with 5 yearly rent reviews at a current passing rent of £9,000 pa increasing on 24.11.2030 to £10,125 pa and on 24.11.2035 to £11,390 pa

Energy Performance Certificate:

Rating 91, Band D.

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 8BB

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572 Melton Road, Thurmaston, Leicester, LE4 8BB