10 Friar Lane, Leicester, Leicestershire LE1 5RA

A superb opportunity to purchase a ground and lower ground floor commercial unit in a prime city centre location.

The property was previously used as a bar/restaurant. Positioned with a corner elevation in a busy location within the centre surrounded by other retail, bars, restaurants and city centre apartments.

The property has a main bar/restaurant to the ground floor along with a basement floor offering offices, store room, toilets and kitchen.

Offering a total area of 396 sqm/4262 sq ft.

Offered for sale with vacant possession and 992 year lease/virtual freehold.

EPC rating of B.

A rare opportunity in a superb location. Viewing highly advised.

Leasehold

Vacant posession upon completion

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:

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

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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. 

Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Leasehold Information
Term, 999 years from 1 April 2002. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Draft Sales Particulars
These sales details are awaiting vendor approval