LOT 26
GUIDE PRICE: £125,000 - £130,000 PLUS VAT
Former Car Park at 15-17 Braunstone Gate, Leicester, LE3 5LH
Solicitor Details
Legal Services, Leicester City Council, City Hall, 115 Charles Street, Leicester LE1 1FZ Tel: (0116) 454 1862 ~ Ref: B Mistry
*Guide Price & Reserves
FORMER CAR PARK / MIXED USE DEVELOPMENT POTENTIAL
On behalf of Leicester City Council
Property Description
A former car park of approximately 224 sqyds (187 sqm) with concrete surface. There is potential for a 2 storey mixed-use property with ground floor commercial and residential accommodation above subject to planning permission. A Planning Pre-Application has been submitted.
Location:
The site is located near to the city centre, on the corner of Thorpe Street, near to the junction of Western Boulevard and near Queen Elizabeth II Diamond Jubilee Leisure Centre and The Venue@DMU.
Planning
- The site has existing car park use
- Potential for a 2 storey mixed use building with ground floor commercial and residential above subject to planning permission
- Pre-Application No
- 202690167P The Planning Pre-Application Development Guidance will be available with the legal documents
- Local Authority: Leicester City Council (0116) 454 3000
Note:
- The sale will be subject to the Purchaser paying the Seller's legal and surveyors fees of 2% of the purchase price plus VAT
- No offers will be accepted on this lot prior to the auction
- Purchaser will be responsible for site clearance within 6 months of legal completion of the purchase in order to minimise anti-social behaviour on the site and to keep the site secure and maintained
Tenure
Freehold.
Extra Details 1
Overage Clause: The contract will include an Overage Clause for a 25-year period entitling the Seller to an Overage payment on implementation of any outline or detailed planning permission for anything above two storey mixed use building with commercial use on the ground floor and residential accommodation on the upper floor as outlined in the pre-application planning advice (as attached). Any change to existing use, including commercial or residential uses, will be subject to an overage payment of 25% of any uplift in value.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.
