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The property comprises the ground floor of a purpose‐built student accommodation block originally intended for commercial use, however did have planing for the conversion to 2 self contained studio flats (now expired). The accommodation would be suitable for a variety of uses subject to obtaining the appropriate planning permission. The accommodation, all at ground floor level, has a net internal floor area of about 55.74 sq. m. (600 sq. ft) - not measured but provided by the vendor.
The premises are connected to main, electricity, gas. water and drainage services and are heated by wall‐mounted electric heaters.
Loughborough is a University town with a population of over 60,000 people and lying a short distance from Junction 23 of the M1 motorway. It also lies on the A6, a major road leading to Leicester to the south east and the M1 motorway to the north. Loughborough University is a highly regarded establishment with a strong international reputation for sport and engineering. The town has a main line railway station providing regular services to London St. Pancras. Loughborough also lies close to East Midlands Airport. Major employers in the area include Loughborough University, Brush Traction, 3M Healthcare Limited and Charnwood Borough Council.
The premises form part of Cloud Student Homes entrance and is situated at the corner of Woodgate and South Street opposite Home offices, at the edge of Loughborough Town Centre.
Charnwood Borough Council (01509 263151) https://www.charnwood.gov.uk
The premises currently have Planning permission for communal living space (Use Class C3). However, the original approval was for A1 (Shop), A2 (Financial and Professional Services), A3 (Restaurants and Cafes) and A5 (Hot Food Takeaway). It is also thought that the accommodation would be suitable for D1 use (Clinic, health centre, creche, day nursery, day centre, etc.) subject to obtaining the necessary consent. Interested parties are advised to make their own enquiries at Charnwood Borough Council.
Leasehold - for a term of 250 year lease with a peppercorn ground rent
Service charge - a service charge will be payable to cover buildings insurance, shared utilities and maintenance of any common parts
Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.