Next auction Thursday 20th June 2.30PM

Recreation Ground off Old Charity Farm, Stoughton, Leicester, LE2 2EX



Sold
£3,900
Guide price

Nil Reserve


Property Type

Land


Key Features

  • Freehold parcel of land measuring circa 4.128 acres
  • Located in the affluent village of Stoughton
  • Strategic long term investment opportunity

Part of the 8 December 2022 auction
The Nottingham Racecourse at 2.30PM

4.128 acres of freehold land comprising mainly Recreation Ground, the majority of which is let on a 125 year lease to Stoughton Parish Council at a Peppercorn rent.

  • Freehold parcel of land extending to approximately 4.128 acres
  • Located in the heart of the village of Stoughton
  • Situated circa 4 miles to the south east of Leicester city centre
  • Within a mile of Leicester Racecourse
  • Mainly recreation grounds with pathways & allotments
  • The majority is held freehold, subject to 125 year lease to Parish Council
  • An element of land is held freehold & vacant
  • Surrounded by affluent housing
  • Within the catchment of good primary and secondary schools
  • Strategic long term investment potential

At anytime from the Recreation Ground.

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Approx 3.753 acres is held freehold, subject to a 125 year lease from 17th May 2004 to 16th May 2129, to Stoughton Parish Council at a Peppercorn Rent Approx 0.375 acres of freehold vacant land

Email: ryan.millar@tltsolicitors.com
Telephone: 0333 0061421

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