Site at 298B Melton Road, Rushey Mead, Leicester, LE4 7SL

Solicitor Details

Murria Solicitors, Court Chambers, 180 Corporation Street, Birmingham B4 6UD Tel: (0121) 234 0903 ~ Ref: A Kang

*Guide Price & Reserves

LAND / INVESTMENT / POTENTIAL DEVELOPMENT

Property Description

A level site of approximately 0.48 acres currently used for storage of vehicles. The site is suitable for development subject to planning permission and a scheme for a drive through restaurant has been drawn up.

Location:

The property is located on the corner of Lanesborough Road and opposite Soar Valley College.

Planning:

Potential for development subject to planning
Local Authority: Leicester City (0116) 454 3000

Tenure

Freehold, subject to existing lease
A new 5 year lease has been agreed to commence 04.09.2025 with 3 yearly rent reviews and a tenant only break option at the end of the 3rd year with 6 months prior written notice at a rent of £29,000 plus VAT pax

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.

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LOT 23

GUIDE PRICE: £475,000 - £495,000 PLUS VAT