132/134 Lancaster Street, Leicester, Leicestershire, LE5 4GB

Lot No. 28
UK Property Auctions are excited to bring to the auction this extensive development opportunity 5 bed Residential Property with Additional 2000SFT commercial unit and 5 bed apartment. Property Particulars Well presented 5 bed property and additional 2000 SQFT commercial building with 5 bed apartment above. This property has huge development potential with the current potential income of approx. £5000 PCM EXTERIOR FRONT Previously two separate properties this has now been converted to a single dwelling. Property benefits from roadside access, The property have UPVC doubled glazed windows and composite door. ACCOMODATION GROUND FLOOR Entrance Hall - A large open plan entrance hall leads through to Reception room, Utility room, Kitchen and 2nd Reception room/ Bedroom 1 Inner Hallway - (2.12m x 7.66m) approx This spacious area benefits from wooden flooring throughout, Patio doors leading out to rear yard and commercial unit. Reception room 1 - (3.20m X 9.16m) approx This spacious reception room benefits from dual aspect windows, Feature lighting and wooden flooring throughout, A door leads through to the utility room, Utility Room - ( 1.44m X 1.74) approx A well formed utility room with worktop space and sink. The combi boiler for the property has been placed here to maximise space in the kitchen. Reception room 2 / 5th Bedroom - (2.90m X 3.24m) approx Currently utilised as a bedroom this room benefits from fitted storage cupboards and wooden flooring throughout. Kitchen - (3.25m x 6.39m) approx A Newly fitted kitchen with an abundance of worktop space. A range of base and wall units. Integrated oven and hob with cooker hood. A dual sink with mixer tap. A fitted breakfast bar adds additional seating space. Stairs to the first floor lead from the rea of the kitchen. FIRST FLOOR Landing - (0.77m X 4.44m) approx Upper landing leads on to 4 bedrooms and a family bathroom Bedroom 1 - (3.22m x 2.54) approx the room benefits from fitted storage units and draws to maximise floor space. A large window allows for lots of natural light, Bedroom 2 - (3.22m x 3.30m) approx The room benefits from a fitted storage cupboard and carpeted throughout. A good size UPVC window. Bedroom 3 - (6.20m x 2.60m) approx This extensive bedroom spans the length of the property. With fitted wardrobes and dressing area this bedroom makes an excellent master bedroom, However this could easily be split into two bedrooms if the requirement for 6 rooms was required. En-Suite - (3.17m x 1.15m) approx Bedroom three benefits from a fully fitted shower room, tiled throughout with a double shower, White Pedestal sink and White W/C Bedroom 4 - (3.28m x 2.14m) approx A good sized bedroom, would be perfect for a home office or smaller bedroom Family Bathroom - (3.30m x 2.06m) approx A larger than average family bathroom comprises of white W/C, freestanding Sink, Bath with electric shower. Heated towel rail and bathroom cabinet. The room benefits from ceramic tiled floors with part tiled walls. EXTERIOR REAR Property benefits from a rear yard leading through to the rear commercial unit. COMMERCIAL UNIT GROUND FLOOR A 2000 SQFT Commercial unit with wooden flooring throughout could be used for variety of uses, the potential to convert the ground floor to living accommodation if required could be possible subject to obtaining the necessary planning consents. FIRST FLOOR Landing leads through to a Lounge, Kitchen, Bathroom and 5 bedrooms Kitchen - (3.04m x 2.54m) approx A spacious fully fitted kitchen with integrated double oven, hob and cooker hood. A wide range of wall and base units provides an abundance of storage. A breakfast bar adds additional seating space. Lounge - ( 4.42m x 4.17m) approx Open plan lounge / dining area with built in storage and gas fire. wooden flooring throughout. Bathroom 1 - (0.89m x 1.50m) approx Room comprises of a white pedestal sink and w/c. Tiled walls and wooden flooring throughout Bedroom 1 - (3.35m x 2.42m) approx Light and spacious room with UPVC window and wooden flooring. Bedroom 2 -(2.25m x 3.64) approx A good sized room with fitted storage cupboards, UPVC Window and wooden flooring. Bedroom 3 - (2.37m x 3.52m) approx A good sized room with fitted storage cupboards, UPVC Window and wooden flooring. Bedroom 4 - (2.64m x 3.39m) approx A good sized room at the rear of the building with UPVC Window and wooden flooring. Bedroom 5 - (2.30m x 3.79m) approx A spacious room with fitted storage cupboards, UPVC Window and wooden flooring. Bathroom 2 - (1.60m x 1.89m) approx Fully fitted bathroom with corner bath with shower over. W/C and white pedestal sink. TENURE Freehold INCOME - This property has huge development potential, subject to obtaining the necessary planning consents the property could be converted into a HMO, Flats or commercial space with accommodation above, Residential Property. - The property as a 5 bed property as it stands could rent for approximately £1350 PCM if you utilised the rooms aa 5 bed HMO the rooms have the potential to rent for £300 - £400 per room with the achieving income being in excess of £2000 per month. Commercial Unit - The commercial space as it stands could easily achieve a rental income in excess of £1000 PCM. The accommodation above as it stands a 5 bedroom flat could achieve in excess of £1400 PCM or if split to be utilised as a HMO the rental income could achieve in excess of £2000 PCM This property has huge development potential and must be viewed to appreciate the space available. LOCATION Located in a popular residential area in Leicester the property benefits from being within close proximity to all local amenities. Leicester Rail station is 1.19 miles away with direct transport links to London. Terms of Sale Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated). Pre Auction Offers Some vendors will accept offers prior to auction, however these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions. General While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you. The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only. Services Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. Anti-Money Laundering Regulations: In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property. Particulars These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.
Auction Starts February 15th 2023
Guide Price:
495,000++ fees
Starting Price:
495,000++ fees
Guide Price: 495,000+ + fees
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