173 Fosse Road North, Leicester, LE3 5EZ

Solicitor Details

Clarke Willmott LLP, Burlington House, Botleigh Grange Business Park< Hedge End, Southampton SO30 2AF Tel: (0345) 209 1497 ~ Ref: P Hantakova

*Guide Price & Reserves

COMMERCIAL INVESTMENT

Addendum

The tenant is Done Brothers (Cash Betting) Limited which is the name on the lease and it traded as Bet Fred and Done Brothers (Cash Betting Limited) is a subsidiary of Bet Fred Group Holdings Limited.

Property Description

A 3 storey terrace property comprising ground floor retail unit with offices above. The property requires complete modernisation/repair.

Location:

The property is located near to the junction of Tudor Road and Beatrice Road.

Accommodation:

Ground Floor: Retail area, office, store, WC.
First Floor: 2 rooms, kitchen, bathroom.
Second Floor: Room.
Outside: Rear yard which can also be accessed from Beatrice Road providing access to internal stairs to first floor, out house.

Planning

There is potential to convert the upper floors to a 2 bedroom self contained flat with rear access
Local Authority: Leicester City (0116) 454 3000

Note:

A Schedule of Dilapidations was served for the sum of £91,000.

Tenure

Freehold, subject to existing lease
Let on a FRI lease to Betfred from 25.12.2019 - 24.12.2025 at £10,000 pax

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.

WANT TO BUY OR SELL A PROPERTY?

LOT 23

GUIDE PRICE: £150,000 - £160,000