MapRetail property (high street) for sale
Features and description
- Tenure: Freehold
- Ground Floor Shop
- One Bedroom Flat
- Freehold
- Highfields Location
- Viewing Highly Recommended
We are pleased to offer to auction this freehold property in the heart of the Highfields area of Leicester includes a ground floor convenience store, currently operating and generating approximately £3,000 per week with a 25% profit margin. The seller has successfully run the business for 18 years. Above the store, there is a one-bedroom flat currently rented at £650 per month with a market value of £750 per month.
Please note we have not inspected this property.
Rooms
Location
The subject property is located in the heart of the Highfields area of Leicester. It is in a busy area and close to all other local amenities. The area has great transport links.
Accommodation - Shop
As you enter the main entrance of the premises you will be lead to: Shop Floor-Ground Floor
This large area measuring 12.27m x 4.12m is a fantastic space equipped with tiled flooring, accommodating gas and electrics, and access to the rear of the shop. An added bonus is the lobby leads to the cellar.
Bathroom-Ground Floor - Leading from the lobby, you will find a bathroom equipped with a matching white piece bathtub, WC and sink. WC Ground floor.
In the location off the lobby you will also conveniently find another WC .
Storage Room Ground Floor - At the rear of the shop you will find the storage Room.
Accommodation - Flat
On the first floor you have the lounge/dining area measuring at 4.86m x 4.25m. The room comes with carpeted flooring and two large windows allowing natural light to easily stream through.
Bedroom - Off the lounge/dining area is the bedroom. Equipped with a radiator and a large window with carpeted flooring .
Kitchen - A great sized kitchen featuring laminated flooring, kitchen work tops and wall mounted cupboards with splash back tiles, built in oven with extractor fan, gas hob and a mixer tap with drainer. The kitchen allows good space for your white goods .
Tenure
Freehold - Title number LT58405.
EPC
Rating B. Available on request.
Rateable Value
The adopted rateable value is £5,300 as of 1st April 2023. Sourced from VOA.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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