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Under Offer - Friar Lane, Leicester, LE1 Guide Price £815,000

Commercial  Under Offer Guide Price £815,000

Friar Lane, Leicester, LE1

Sold with no chain

Perfect investment opportunity

Nearby to University of Leicester

Ideal city centre location

Rear car park

Prestigious location

BM Estates are very pleased to offer this large commercial premises situated on the prestigious Friar Lane. The property is currently vacant with it previously used as the Leicester City Council Social Services Offices. The property itself is a substantial Grade II listed 3 storey property of approximately 6,098 sqft with space throughout. The property itself would be perfect for commercial with offices in high demand in this location or residential use to convert into flats, perfect for university accommodation with UOL just less than 10 minutes walking distance away (Subject to planning permission). The property briefly comprises of ground floor area, access to basement, first floor and second floor.

Accommodation, GIA (Gross internal area):

Ground Floor:
GIA: 2,731 sqft (254 sqm)

First Floor:
GIA: 2,116 sqft (197 sqm)

Second Floor:
GIA: 1,252 sqft (116 sqm)

Total GIA: 6,098 sqft (566 sqm) approx

We do recommend for internal viewings to appreciate the true size of the building, contact us today to arrange a viewing.

Location

Floorplans

Ground floor plan
First floor plan
Second floor plan
Basement floor plan
Top view
Ground floor plan
First floor plan
Second floor plan
Basement floor plan
Top view

Property Images

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Front elevation
Rear elevation
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This property is currently Under Offer. However, register your details below and we will contact you if it becomes available again.

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Stamp Duty Calculation

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Total SDLT due

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £
500
k (Percentage rate 0%)

£ 0

Above £
500
k and up to £925k (Percentage rate 5%)

Above £925k and up to £1.5m (Percentage rate 10%)

Above £1.5m (Percentage rate 12%)

Up to £500k (Percentage rate 0%)

£ 0

*This is for illustrative purposes only

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £125k (Percentage rate 0%)

£ 0

Above £125k and up to £250k (Percentage rate 2%)

Above £250k and up to £925k (Percentage rate 5%)

Above £925k and up to £1.5m (Percentage rate 10%)

Above £1.5m (Percentage rate 12%)

Up to £300k(Percentage rate 0%)

£ 0

Above £300k and up to £500k (Percentage rate 0%)

Up to £300k (Percentage rate 0%)

£ 0

Above £300k and up to £500k (Percentage rate 5%)

*This is for illustrative purposes only

IMPORTANT NOTICE FROM BM ESTATES

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Fees

Please note the charges listed below are the maximum fees that will be applied unless stated otherwise.

Fees/Charges in England from 1st June 2019

Permitted Charges in accordance with the Tenant Fee Act 2019 for an Assured Shorthold Tenancy.

Holding Deposit max one week's rent. First months rent in advance.

Tenancy Deposit 5 or 6 weeks depending upon the rental amount.

Early termination(when requested by the tenant) a charge not exceeding the financial loss experienced by the landlord.

Late Rent interest charged at 3% above the Bank of England base rate when rent is more than 14 days late.

Lost key equivalent to the cost incurred (or security device).

Changing tenancy documents(after the commencement of tenancy) £50 inc VAT

Non-Housing Act tenancy fees not affected by the Tenant Fee Act 2019:

Tenancy Agreement £300 inc VAT. Extension Agreement £125 inc VAT

Company Reference £175 inc VAT. Administration £50 inc VAT

Damage Fee £90 inc VAT. Guarantor Reference per guarantor £100 inc VAT

Deed of Guarantee £75 inc VAT. Check-In (minimum fee) £72 inc VAT

Arrears Fee £30 inc VAT. Overpaid Rent Return £25 inc VAT. Pet Licence £75 inc VAT

BM Estates is a member of and covered by the Money Shield Client Money Protection Scheme. BM Estates is also a member of a redress scheme provided by The Property Ombudsman.

Please note the charges listed below are the maximum fees that will be applied unless stated otherwise.

Fees/Charges in England from 1st June 2019

Permitted Charges in accordance with the Tenant Fee Act 2019 for an Assured Shorthold Tenancy.

Holding Deposit max one week's rent. First months rent in advance.

Tenancy Deposit 5 or 6 weeks depending upon the rental amount.

Early termination(when requested by the tenant) a charge not exceeding the financial loss experienced by the landlord.

Late Rent interest charged at 3% above the Bank of England base rate when rent is more than 14 days late.

Lost key equivalent to the cost incurred (or security device).

Changing tenancy documents(after the commencement of tenancy) £50 inc VAT

Non-Housing Act tenancy fees not affected by the Tenant Fee Act 2019:

Tenancy Agreement £300 inc VAT. Extension Agreement £125 inc VAT

Company Reference £175 inc VAT. Administration £50 inc VAT

Damage Fee £90 inc VAT. Guarantor Reference per guarantor £100 inc VAT

Deed of Guarantee £75 inc VAT. Check-In (minimum fee) £72 inc VAT

Arrears Fee £30 inc VAT. Overpaid Rent Return £25 inc VAT. Pet Licence £75 inc VAT

BM Estates is a member of and covered by the Money Shield Client Money Protection Scheme. BM Estates is also a member of a redress scheme provided by The Property Ombudsman.

Letting Fee Information

The asking rent does not include letting fees. Our standard administration fee (which covers general administration and preparation of paperwork) is £xxx (£xxx+VAT). A security deposit, usually equivalent to six weeks rent, is also payable.

Depending on your circumstances and the property you select, one or more of the following may also be charged to you upfront;

Fees may be charged on a per person or per property basis, please call us on 0116 273 1414