151 Derby Road, Loughborough, LE11 5HJ

Solicitor Details

Chetty & Patel, 133 Loughborough Road, Leicester LE4 5LQ Tel: (0116) 254 6222 ~ Ref: U Patel

*Guide Price & Reserves

COMMERCIAL / RESIDENTIAL INVESTMENT

Property Description

An end terrace property with a ground floor takeaway of approximately 564 sqft and a one bedroom self contained flat above. The side of the property has advertising hoarding board and there is a further double sided free-standing hoarding panel at the front of the property.

Location:

The property is located at the junction of Derby Road/Belton Road.

Note:

There is evidence of structural movement
The flat requires complete modernisation/repair

Tenure

Freehold, part vacant and part subject to existing leases.



PROPERTY	ACCOMMODATION	EPC	LEASE/AST	CRV PAX	ERV PAX
G/F - Takeaway	Sales, preparation areas, kitchen, WC	81, D	6 years from 01.08.23	9,900	10,800
F/F - 151A	Lounge, kitchen, bedroom, bathroom	59, D		vacant	7,000
Side Advertising Hoarding			10 years from 01.07.2019	1,100	1,100
Front Advertising Hoarding			10 years from 21.11.2012	200	200
Outside	Car parking to the front and rear, small rear yard area
Total				11,200	19,100

Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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LOT 16

GUIDE PRICE: £135,000 - £145,000