LOT 10
GUIDE PRICE: £350,000 - £375,000
Units 15 - 23 Layton Road, Leicester, LE5 0PU
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
The property comprises of 5 self contained single storey industrial units totalling approximately 8,718 sqft (810 sqm) on a site area of 0.77 acres.
Location:
The units are located off Uppingham Road near to the junction of Humberstone Road.
Tenure
Freehold, subject to existing leases and occupation.
UNIT
SQFT (SQM)
EPC
LEASE
RENT £ PAX
15
2,540 (236)
105, E
15 years from 01.01.2024 - 31.12.2039
Rent reviews geared to RPI
Year 3: £15,000 pax, Year 4: £16,000 pax, Year 5: £17,000 pax13,500
17
1,528 (142)
52, C
15 years from 17.09.2015-16.09.2030 with 5 yearly rent reviews
Outstanding rent reviews: 17.09.2020 & 17.09.2025
A new average rent of £8,750 pax is proposed to be effective from 17.09.2020 & a new rent of £10,500 pax to be effective from 17.09.2025, this is yet to be agreed7,000
19
1,550 (144)
56, C
15 years from 17.09.2015 - 16.09.2030 with 5 yearly rent reviews
Outstanding rent reviews on 17.09.2020 & 17.09.2025
A new average rent is proposed of £9,000 pax to be effective from 17.09.2020 and a new rent of £10,500 pax to be effective from 17.09.2025, this has been agreed by the tenant, signed memorandum is awaited7,500
21
1,528 (142)
57, C
New 5 year lease is proposed at a rental of £10,500 pax plus buildings insurance & service charge payable monthly in advance, counter proposal awaited
23
1,572 (146)
56, C
New 5 year lease is proposed at a rental of £11,500 pax plus buildings insurance & service charge payable monthly in advance, counter proposal awaited. In addition storage containers to have a licence drawn up at a rent to be agreed for each container
7,200
Current Rental Value
35,200
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.
