49 and 51a Market Street, Loughborough, Leicestershire, LE11 3ER

Lot No. 15
UK Property Auctions are pleased to bring to the market this ideal "hands off" investment property. PROPERTY PARTICULARS Ground Floor 980 sqft Commercial space, 1st Floor apartment. Commercial Property The 980sqft Commercial unit currently utilised a footwear/ clothing store has been fully renovated throughout and currently benefits from being leased to the current tenant wanting to remain in the property. lease 2000 years from 2017 Residential Property . The Leasehold of the property is currently owned by the current occupant on the lease of 125 years from 25th March 2009 Current occupiers pay a peppercorn rent to the main leaseholder yearly. TENURE LONG Leasehold INCOME The commercial unit currently pays £1200 per month however is due a rent review to bring the rental income in line with the local area. Commercial units in this are are currently achieving in the region of £1500 - £1700 per month LOCATION Loughborough is a busy town lying some 12 miles north of Leicester and 21 miles south-east of Derby with excellent road access via the A6 which links to the M1. Property Benefits from Occupying an excellent trading position in the busy pedestrianised section of the town centre. 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:
£155,000++ fees
Starting Price:
£155,000++ fees
Guide Price: £155,000+ + fees
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