Two Ground Floor Commercial Units with Accommodation above

Two ground floor commercial units, one with living accommodation above and the other with a separate self contained two bedroom flat, currently let and generating an income of £21,400 per annum representing an excellent 11% yield. The ground floor retail unit known as "Vintage and Chic" is currently tenanted until the 5th March 2017 at a rental figure of £6,950 pa. There is a two bedroom flat above at 97a currently let on a rolling assured shorthold tenancy at £350 per calendar month. 99 Southfields Drive, known as "Canton Chef" is let until the 30th September 2023 and has living accommodation above with rent currently payable of £10,250 pa.

Tenure

Freehold

97 Southfields Drive

Ground Floor Retail Shop 5.1m x 6.7m, office 2.4m x 2.4m, store 2.6m x 2.3m, rear lobby, kitchen 2.9m x 2.5m, WC

97a Southfields Drive

Self contained flat accessed via an external staircase. With kitchen, lounge, two bedrooms, bathroom

99 Southfields Drive

This is occupied as a fast food takeaway with takeaway reception area 5.2m x 2.6m, kitchen and server 5.6m x 4.3m, kitchen 2.6m x 2.4m, rear lobby.

Living Accommodation Above

With a landing, living room 4.1m x 3.4m, bedroom one 3.2m x 4.1m, bedroom two 4.1m x 1.9m, bathroom/WC.

Outside

There are yards to the rear of the buildings, a detached garage/store to the rear. There are gates to the side of the building which lead to a piece of land which could be used as a parking area or offers potential for further development subject to the usual necessary consents.

Directions

The properties are best approached by leaving Leicester City centre via the A5199 Welford Road, continue along for some distance, pass over the roundabout and turn left onto the service road with Southfields Drive whereupon the properties can be found on the left hand side identified by our auction for sale board.

Viewing

By appointment with the Auctioneers: Tel: 0116 222 7575

Energy Efficiency Rating (EPC)

Current Rating TBC

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Leicester City Counci, 115 Charles Street, Leicester

Solicitors

Rich & Carr Phillips & Powell, 22 The Parade, Oadby, Leicester, LE2 5BF, Ref: Mr Tony Gowtage, Tel: 0116 242 6021

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1200.00 (£1000.00 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.