Commercial Property in Leicester

35 - 37 Church Gate, Leicester, Leicestershire LE1 3AL
  • Lot No: 4
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £220,000+ plus fees

Result Sold at Auction £301,000

Property Description

DRAFT DETAILS A handsome three storey building located within the city centre. The property has been in the hands of the same family of jewellers for many years but is now being sold with vacant possession and requiring modernisation to the upper floors. It offers approximately 2,000 sq. ft. of accommodation over three floors along with a basement. The is a rear yard/garden and its own private side access. Excellent scope for conversion of the upper floor to either flats or student accommodation subject to planning permission. The main shops could also be split into two shops, again subject to consents. Possible rental income of around £45,000 per annum if converted to two shops with six bedroom student accommodation above or £35,000 per annum as two shops and two flats above. Situated on a busy route into the city centre and only yards from the Highcross Shopping Centre.

Main Shop 7.30m x 5.89m

With large windows and centre door fronting Church Gate.


Office 3.05m x 2.60m

With door from main shop.


Store / Office 2.30m x 3.21m

With stairs leading to upper floors and internal window.


Kitchen 2.90m x 1.45m

With storage, sink unit and window and door to the rear.


Wash Room

With wash hand basin and window to rear.


Cloakroom

With low flush w.c. and window to the rear.


Landing

Giving access to upper rooms and large store cupboard and further staircase second floor.


Office One 4.50m x 4.00m

With bow window to the front aspect.


Office Two 4.14m x 4.10m

With bow window to the front aspect.


Office Three 4.00m x 2.76m

With window to the rear.


Office Four 3.00m x 2.85m

With window to the rear.


Office Five 4.45m x 3.65m

With window to the front.


Office Six 3.85m x 3.71

Window to the front.


Office Seven 3.00m x 2.80m

With window to the rear.


Office Eight 4.00m x 2.80m

With window to the rear along with a store and toilet / W.C.


Outside

Secure side access leads to an enclosed, private, rear yard / garden with 3 small brick outbuildings.


Tenure

Freehold


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.