3 bedroom Mixed Use in Leicester

277 Melton Road, Leicester LE4 7AN
  • Lot No: 39
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £275,000+ plus fees

Result Sold at Auction £299,000

Property Description

DRAFT DETAILS - AWAITING APPROVAL A spacious mixed use property situated along the Golden Mile of Leicester. A ground floor restaurant premises along with a three bedroomed duplex flat above. Now in need of modernisation but also offering scope to have a restaurant to the ground floor along with two flats above, subject to planning. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding. Total internal area approx 178 sq.m/1,916 sq.ft. A rare opportunity on the most sought after locations. A great investment with potential rental income of circa £30,000 once renovated. Situated at the north end of Melton Road, which is a main route in and out of the city, surrounded by other retail units and an abundance of residential housing.

Ground Floor:

Main Shop / Restaurant Area. Kitchen. Lobby. Wash Room. Customer Ladies and Gents Toilets.


First Floor:

Lounge. Kitchen. Bathroom. Separate wc.


Second Floor:

Bedroom One. Bedroom Two. Bedroom Three.


Outside

Enclosed rear yard with outbuilding.


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.

Auction Details

Date 27th October 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

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Map

277 Melton Road, Leicester LE4 7AN