This property is no longer on the market
Residential development
Property description & features
- Tenure: Freehold
- COMMERCIAL INVESTMENT / RESIDENTIAL DEVELOPMENT
- Freehold, part vacant and part subject to existing lease. Ground floor and basement let on a 20 year IRI lease from 15.11.19 at a rent of £30,000 pax with 5 year rent reviews.
- GUIDE PRICE: £760,000 - £775,000
Location:
The property is located in the city centre within a busy shopping area of Granby Street close to Gallowtree Gate. Nearby occupiers include Sports Direct, Flannels, WH Smiths, Boots, Marks and Spencer etc.
Description:
A Grade II 3 storey commercial property with basement of approximately 8,303 sqft on a site area of 265 sqm, comprising a large open plan ground floor restaurant with storage on the upper floors. Planning has been granted for conversion of the upper floors to 6 self-contained flats.
Accommodation:
Basement:
1,375 sqft (127.8 sqm)
Ground Floor:
2,267 sqft (210.8 sqm)
First Floor:
2,501 sqft (232.6 sqm)
Second Floor: (not inspected by auctioneers)
2,160 sqft (200.7 sqm)
Total GIA:
8,303 sqft (771.9 sqm) approx.
Planning
The property has existing restaurant (Class E) use.
Planning has been granted for change of use of part of ground floor and first and second floors from restaurant (Class E) to 4 x 1 bedroom flats and 2 x studio flats, demolition of part of first floor, first and second floor extensions and smoke shaft and installation of external staircase and ventilation flue to rear.
Planning Application No. 20210614 dated 16.06.2021.
Local Authority: Leicester City Council[use Contact Agent Button].
Tenure
Freehold, part vacant and part subject to existing lease.
Ground floor and basement let on a 20 year IRI lease from 15.11.19 at a rent of £30,000 pax with 5 year rent reviews.
Energy Performance Certificate:
Restaurant: Rating 86, Band D.
Solicitors
Frisby & Small, 5 De Montfort Street, Leicester LE1 7GE
[use Contact Agent Button] ~ Ref: J Crowson
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Energy Performance data and Internal floor area
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