Residential development for sale
Property description & features
- Tenure: Freehold
- COMMERCIAL / PART INVESTMENT / RESIDENTIAL DEVELOPMENT
- GUIDE PRICE: £550,000 - £575,000
Location:
The property is located opposite Leicester Magistrates Court, near to Town Hall Square and the city centre.
Description:
A substantial block of 5 properties comprising 2x2 storey, 2x3 storey retail units/offices and a 3 storey warehouse in need of complete modernisation to the rear.
Planning:
Potential for other uses i.e, residential development of the upper floors and warehouse subject to planning permission.
Local Authority: Leicester City[use Contact Agent Button].
Note
The properties are on a single title.
No gas on site.
Separate electric and water except 12 and 16 which may have a single water feed.
The Courtyard and Warehouse are not accessible and have not been inspected by the Auctioneers.
Tenure
Freehold, subject to existing lease of No. 12.
This lease is outside of the protection of the Landlord and Tenant Act 1954.
Solicitors
Bond Adams, Richmond House, 94 London Road, Leicester LE2 0QS
[use Contact Agent Button] ~ Ref: H Waka
Accommodation: NO / FLOOR ACCOMMODATION / USE SQFT (SQM) USE EPC No. 8 Basement499 (46.4)Stores, WCsG/FTakeaway653 (60.7)Former Indian Takeaway90,D F/F & 2/F of No. 8 & G/F & F/F of No. 10G/F - 10
F/F - 8A & 10
2/F - 8AOffices / Retail
Offices349 (32.4)
1,046 (97.2)
397 (36.9)Offices
Former Solicitors Offices78,D No. 12Basement
G/F
F/FStorage
Retail with mezzanine, WC
Storage181 (16.8)
196 (18.2)
183 (17)Mobile phone shop
Let on 3 year FRI lease from 01.08.2022 at £7,800 pax.68,C14 - Warehouse to the rear accessed via 2 courtyards (currently no access available, in need of complete modernisation) G/F
F/F
2/FWarehouse
Store
Store467(43.4)
468 (43.5)
485 (45.1) No. 16 Basement
G/F
F/F
2/FRetail/Offices
Offices
Offices296 (27.5)
349 (32.4)
587 (54.5)
539 (50.1)Former Solicitors Offices94,D Outside Courtyard area to warehouse and overgrown rear yard area - this area is not accessible due to a trenchCurrent Rental Income PAX7,800 Estimated Rental Value PAX43,500
Places of interest
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Broadband availability and predicted speed
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Energy Performance data and Internal floor area
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