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3 bedroom house for sale
261 Melton Road, Leicester, Leicestershire LE4 7AN
£275,000
261 Melton Road, Leicester, Leicestershire LE4 7AN
£275,000
Our Summary
- For sale on 31 July 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- The property is in need of modernisation and upgrading but offers scope to generate a rental income of circa £30,000 per annum Ground Floor Shop
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 31
- Great investment opportunity
- Required modernisation and upgrading
Description
This large, mixed-use property is located on Leicesters Golden Mile, in a vibrant area with shops, bars, and restaurants nearby. The property consists of a ground floor shop, a studio flat to the rear, and a two-bedroom flat on the first floor. The property requires modernization and upgrading, but offers potential for a rental income of around £30,000 per annum. The shop has a main retail area and a store, while the flats have a lounge/bedroom, kitchen, and bathroom. The property has an enclosed rear yard with gated access and is being sold freehold with vacant possession. The sale will take place online with live auctioneers, and interested buyers must register by 5pm the day before the auction. The property is being sold under an unconditional sale type, with a 5% deposit and a buyer's fee of 4.8% of the purchase price.