124 Melton Road, Leicester LE4 5ED

A freehold, mixed use property in a highly desirable location on Leicester's Golden Mile.

For sale on behalf of Receivers.

The property comprises of a ground floor shop, rear studio apartment and a one bedroomed apartment to the first floor.

To the rear is an enclosed yard with steel fire escape.

The sale is subject to existing tenancies / leases. The combined income is believed to be £2,205 per calendar month (£26,460 per annum). The auctioneers have not seen sight of tenancy agreements of evidence of this. Prospective buyers are advised to inspect the legal documents before placing their bid, as this will be binding.

Shop Premises- Let at £1,100 per calendar month
Gross internal Area 52.46 sq.m with shop, lobby and wc.

Studio Flat- Let at £430 per calendar month
Lounge / kitchen / bedroom and shower room

One Bedroom Flat - Let at £675 per calendar month
Landing, lounge, kitchen, bedroom and bathroom.

Ideal investment opportunity in sought after location.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £1,500 inc. VAT

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

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.