This property is no longer on the market
Residential development
Property description & features
- Residential Development Opportunity
- Part Investment
- On Site and Nearby Car Parking
- Excellent Road Links
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.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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