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. Costs 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 followi…

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