Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a substantial public house (The Bounty), with existing 5 bedroom managers flat above and nightclub (Club LE10), currently generating a robust revenue stream of over £650,000 per annum, which benefits from planning permission for 44 flats (30 x 2 bedrooms, 12 x 1 bedroom, 2 x 3 bedroom pent house with 32 x on site parking).
Tenure
Freehold.
Accommodation
Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Proposed Accommodation:
Tenancy
Vacant Possession on Completion.
Planning
The property benefits from planning permission granted in November 2021 (Ref: 20/01317/FUL) for Conversion, extension and alterations, including part demolition, of buildings to form 44 apartments (30 x 2 bedrooms, 12 x 1 bedroom, 2 x 3 bedroom penthouse), associated parking and access. There is no Section 106/Affordable housing provision. For further information please contact Leicester City Council Planning (https://planning.leicester.gov.uk/Search/Results).
Rent
Notes
Please note that for 18 Market Place, Hinckley LE10 1NT, the seller has opted to tax.
The purchase price of the Lot will be apportioned on completion and a portion will be subject to VAT. This will be confirmed with the successful bidders’ solicitors once the purchase price is known.