LOT 04
GUIDE PRICE: £450,000 - £460,000
Land at 1, 3, 5, 7 & 9 Conduit Street, Leicester, LE2 0JN
Solicitor Details
Nelsons, Provincial House, 37 New Walk, Leicester LE1 6TY Tel: (0116) 222 6663 ~ Ref: J Coningsby
*Guide Price & Reserves
LAND / RESIDENTIAL & COMMERCIAL DEVELOPMENT
Property Description
A level cleared site with tarmac surface of approximately 0.2 acres currently used as a car park accommodating 20 cars. The site had planning permission for residential development of a 6 storey block of student accommodation providing 62 bedrooms.
Location:
The site is located just off London Road and on the corner of Glebe Street and is within walking distance of Leicester Train Station, University of Leicester and the city centre.
Planning:
- The site had planning permission for a 6 storey student accommodation scheme comprising 62 bedrooms in cluster apartments
- Planning Permission No
- 20161019 dated June 2017, this has lapsed
- Local Authority: Leicester City (0116) 454 3000
Note:
- The site is operated under a 2 year management agreement with Euro Car Parks, under which the owner receives 87% of the gross income, currently approximately £25,200 pa before business rates
- This agreement can be terminated by issuing a 3 months notice for vacant possession for sale or redevelopment
Tenure
Freehold, subject to existing management agreement.
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.
