No longer on the market
This property is no longer on the market
MapResidential development
Sold STC
Residential development
Features and description
- Residential Development Opportunity
- Part Investment
- On Site and Nearby Car Parking
- Excellent Road Links
Location - The property is located in Syston which is within the district of Charnwood. The town has excellent road links to the A46. Leicester Railway station is approximately 6 miles in distance and the town also has a railway station which provides links to nearby major cities such as Nottingham. The subject property is located on High Street and within close proximity to the busy Syston Town Square shopping centre. It is within close proximity to the junction with Melton Road, which accommodates a number of well established national and local retailers.
Terms - The property is on the market for offers over £400,000
Opportunity & Accommodation - The site accommodates two retail units on the ground floor and office accommodation on the majotiy of the first floor with some facilities on part of the ground floor.
The income generated from the retail units are as follows:
Unit 1:
Approx. 58 sqm (624 sf)
Currently generating approx. £10,000 per annum including bills
Unit 2:
Approx. 30.6 sqm (330 sf)
Currently generating £7,500 per annum excluding bills.
The upper floor consists of office accommodation over ground, first & second floors with the ability for the premises to be split to create two or three self contained office premises. Alternatively the offices could be converted to residential accommodaion subject to the necessary consents.
Ground & First Floor Office:
61.7 sqm (604 sf)
First & Second Floor Office
107.2 sqm (1,153 sf)
Total Net Internal Area of Whole:
163.2sqm (1,757 sf)
Planning - Taking in to consideration the previous user, we believe the current planning use would fall under Class E
We would advise all interested parties to make their own enquiries and not solely rely on information we have provided
Rating Assessments - Rateable value as of 1st April 2023:
Offices including Ground Floor Office/Retail: £17,000
Rates payable 2022/23: TBC
We understand an application has been submitted to reflect the split in accommodation.
Retail Salon: £4,700
Rates payable: 2022/23: TBC
Energy Performance - EPC Rating: TBC
Vat - We understand VAT is not applicable.
Services - Mains water, electric and gas are available.
Legal Costs - Each party to pay their own legal costs
Viewing - Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).[use Contact Agent Button]
Agent Notes - CONSUMER PROTECTION LEGISLATION - These letting details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our Details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the prospective tenant for verification. The measurements are carried out in accordance with the RICS and ISVA code of measuring practice.
Terms - The property is on the market for offers over £400,000
Opportunity & Accommodation - The site accommodates two retail units on the ground floor and office accommodation on the majotiy of the first floor with some facilities on part of the ground floor.
The income generated from the retail units are as follows:
Unit 1:
Approx. 58 sqm (624 sf)
Currently generating approx. £10,000 per annum including bills
Unit 2:
Approx. 30.6 sqm (330 sf)
Currently generating £7,500 per annum excluding bills.
The upper floor consists of office accommodation over ground, first & second floors with the ability for the premises to be split to create two or three self contained office premises. Alternatively the offices could be converted to residential accommodaion subject to the necessary consents.
Ground & First Floor Office:
61.7 sqm (604 sf)
First & Second Floor Office
107.2 sqm (1,153 sf)
Total Net Internal Area of Whole:
163.2sqm (1,757 sf)
Planning - Taking in to consideration the previous user, we believe the current planning use would fall under Class E
We would advise all interested parties to make their own enquiries and not solely rely on information we have provided
Rating Assessments - Rateable value as of 1st April 2023:
Offices including Ground Floor Office/Retail: £17,000
Rates payable 2022/23: TBC
We understand an application has been submitted to reflect the split in accommodation.
Retail Salon: £4,700
Rates payable: 2022/23: TBC
Energy Performance - EPC Rating: TBC
Vat - We understand VAT is not applicable.
Services - Mains water, electric and gas are available.
Legal Costs - Each party to pay their own legal costs
Viewing - Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).[use Contact Agent Button]
Agent Notes - CONSUMER PROTECTION LEGISLATION - These letting details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our Details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the prospective tenant for verification. The measurements are carried out in accordance with the RICS and ISVA code of measuring practice.
Property information from this agent
About this agent
Readings is a growing estate agency based in Leicester. With a heritage going back to 1935 we formed in January 2011 as the result of a merger of two companies, Readings Hope and Mann LLP and Peter James Estates. If you are looking for estate agents in Leicester, we offer exceptional customer service and attention to detail across all services we offer. This means that more and more satisfied customers choose to use and recommend us throughout Leicestershire and further afield. Letting Agents Leicester We have considerable experience in letting properties across Leicestershire and are one of the largest independent letting agents in Leicester. As members of ARLA, you can rest assured that you are dealing with a reputable lettings company. We offer letting agent services for both residential and commercial property and currently have a wide range of properties to let. Houses for Sale in Leicester Readings offer houses for sale in Leicester and Leicestershire. We have a large selection of properties to suit all budgets and needs with houses for sale ranging from investment opportunities to grand family homes, so whether property size, location or style is your priority, we’ll have the property to suit your requirements. Estate Agency Services As industry recognized estate agents, we offer several services besides simply selling and buying houses. These include Estate Agency sales, Lettings and Property Management, Surveys, Valuations, Auctions, Landlord advice and many other property services. We are members of The National Association of Estate Agents (NAEA), Royal Institution of Chartered Surveyors (RICS) and the Association of Residential Letting Agents (ARLA). You can rest assured that whichever of our estate agency services you are using, the staff are highly experienced and knowledgeable- you will receive the highest level of care and advice. Readings are also members of The Property Ombudsman (TPO) and we adhere to strict codes of conduct and practice for your peace of mind. If you are looking for an estate agent in Leicester who will deal with your enquiry efficiently and skillfully to ensure the best outcome for you, contact Readings today on the phone number displayed or press the Contact Agent button.