Commercial development for sale

For Sale By Public Auction.

An opportunity to acquire a freehold mixed-use investment property comprising a ground floor commercial unit (No. 81) and a self-contained three-bedroom flat above (No. 81A).

No. 81 is currently let as a dance studio under a 1954 Act commercial tenancy, providing an immediate and established income stream. The commercial unit has a current passing rent of £7,800 per annum. The space offers a entrance space, studio, kitchen, store and WC. There is also access to a courtyard rear garden.

No. 81A, previously let on a residential tenancy, is now vacant and would benefit from a scheme of modernisation and redecoration. The accommodation is spread across two floors with the first floor including the lounge/diner, kitchen, bathroom and bedroom. On the second floor, two further bedrooms can be found. Following refurbishments we would expect the property to achieve £900pcm.

When fully let, the combined residential and commercial income would generate £19,200 per annum, equating to a gross yield of 9.8% (based on the auction guide price), and offering an appealing investment opportunity for new and seasoned investors alike.

The property occupies a prominent corner position on Nottingham Road and Queens Road, on the eastern side of the vibrant market town of Loughborough. Loughborough offers a wide range of amenities including shops, schools, pubs, churches, and a hospital, together with a strong rental market supported by the university.

Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 15th April 2026 at 6:00pm
Live Auction Event

Auction Terms - The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

Binding contracts of sale will be exchanged at the point of sale.

Auction Deposit And Fees - The following deposits and non-refundable auctioneer’s fee apply. These will need to be paid to the auctioneer on exchange of contracts:

•10% deposit (subject to a minimum of £5,000)
•Buyer’s Premium of £1,500 inc. VAT
•Search pack of £630 inc. VAT

There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.

Guide Price & Reserve Price - The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).

Plans - Plans shown are for identification purposes only.

Services - The auctioneer understands that mains water, drainage and electricity are connected to the property, though these services have not been tested. Buyers are advised to make their own enquiries to confirm the connected services.

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Tenure And Possession - The property and land are freehold. Vacant possession of the flat will be given upon completion which is normally 20 working days after the auction. Please note that this will not apply to the commercial unit to the ground floor. Please refer to the Legal Pack for further details.

Bidder Registration And Auction Legal Pack - If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/

You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk

The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.

If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.

Legal Documents & Additional Costs - It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.

Viewings - All viewings are by appointment only through the Auction Department