Citygate House, St Margarets Way, Leicester, LE1 3DA

A City Centre Office Investment Current Gross Income: £157,500 pa.

Guide price*

£2.6m

Plus fees

Sold prior

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Finance available on this property

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Lot 13 Commercial Investment
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Auction details:

Wednesday 13th March 2019 @ 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

A City Centre Office Investment Current Gross Income: £157,500 pa.

Property Description

The property comprises a self contained four storey office building with on-site parking. The accommodation contains refurbished communal areas with open plan and individual offices having suspended ceilings with lighting, gas central heating and a cooling system and has planning consent under class B1 (Business).

Location

The property is situated on St Margaret's Way (A6), which lies close to Leicester City Centre. The property can be accessed via Bay Street and Canning Place with the property located on the junction of St Margaret's Way (A6), Burleys Way (A594) and Vaughan Way (A594) and having the benefit of excellent transport links.

Energy Performance Rating

D.

Tenure

Freehold – Subject to the existing tenancies.

Tenancy Details

The property is subject to a Lease to the Secretary of State at a rental of £157,500 per annum, expiring in August 2024, see legal pack for further details.

Viewings

Strictly by arrangement with the Auctioneers.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours prior to the auction.  Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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