3 bedroom Mixed Use in Leicester

261 Melton Road, Leicester, Leicestershire LE4 7AN
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Variable Fee

Guide Price* £275,000+ plus fees

Property Description

A large, mixed use property comprising of a ground floor shop with two self-contained flats. Situated in a highly desirable location on Leicesters Golden Mile. Located in a vibrant location with other retail shops, bars and restaurants close by and an abundance of residential housing. 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. Studio Flat To Rear Two Bedroom Flat To First Floor. Offered freehold and with vacant possession. Shop: Main Retail Area 16.54m x 3.61m max Store 2.80m x 2.40m Ground Floor Flat: Lounge / Bedroom 2.92m x 2.87m Kitchen 3.43m x 2.55m Bathroom 2.70m x 1.85m First Floor Flat: Reception Hallway Landing Lounge / Diner 4.84m x 3.83m Kitchen 4.10m x 1.90m Bedroom One 3.80m x 1.95m Bedroom Two 2.75m x 2.36m Shower Room Outside: Enclosed rear yard with gated access.

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. 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). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 31st July 2025

Venue National Property Auction
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.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

261 Melton Road, Leicester, Leicestershire LE4 7AN