• Car Wash with Two Workshops, Convenience Store and self contained 2 Bedroom Flat

• Prominent Corner Location on Welford Road (A5199) within a mile of Leicester University, Football, Rugby & Cricket Grounds

• Opposite a pedestrianised crossing, in a mixed Residential/ Commercial suburb

• Alternative Use / Development Potential (1)

• Total Passing Rent £41,300 pa exclusive

• To be offered by Knight Frank at auction on 24th October 2024, unless sold prior

Property Description

No. 190
Commercial Unit 1 – Hand Car Wash (t/a Leicester Hand Car Wash)
• Two workshops providing internal accommodation plus an external car wash covered by an open canopy.
• Holding Over (2 month notice period)
• Rent: £20,000 per annum exclusive

No. 192
Commercial Unit 2 – Convenience Store (t/a Welford Convenience Store)
• Ground floor only convenience store including kitchen and storage
• Floor Area - 778 Sq. ft (72.3 Sqm) of which 596 Sq. ft (55.6 Sqm) is retail
• Term - 10 years from 12/04/2021 at £9,600 pa exclusive. Rent Review every 3rd year and mutual option to break in the 5th year.

No. 192A
Residential – 2-bedroom flat
• First floor 2-bedroom flat, above the convenience store
• Self-contained from Welford Road
• Term – let to an Individual on an AST for 6 months from 23/09/2024 at £975 pcm (annualised £11,700 per annum)
• Council Tax Band: A
Total passing rent £41,300 per annum exclusive

TENURE
Freehold

VAT
VAT is not applicable

EPC
Ratings D & C

Planning (1)
The property may benefit from alternative/ development potential, subject to all necessary consents and permissions. Interested parties are referred to Leicester City Council – (https://planning.leicester.gov.uk)

Viewings by appointment - please contact [email protected]

Location

Leicester is a major city in the Midlands with a population of over 350,000. The city benefits from excellent transport connectivity with major junctions including J21 (M69), J21A (A46), and J22 (A511/A50). The property is located on Welford Road (A5199) which connects to Leicester City Centre and Northampton. The site is surrounded by other mixed use-properties including Victorian houses and a range of commercial and industrial units such as Homebase, Screwfix and Halfords as well as an array of temples, schools and eateries. The University of Leicester and De Montfort Universities are also nearby, within a 10 and 20 minutes’ walk respectively.

Occupancy

Tenanted

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice 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 Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. 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 Auction Conduct Guide.