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MapMixed use for sale
Market Street, Leicester LE1
Mixed use
Key information
Features and description
- FOR SALE - Commercial/Residential Investment
- Commercial/Residential Investment
- A 3 Storey Mixed Use Property
- Located Within a Busy Parade Of Shops On Market Street, Benefitting From High Footfall
- G/F: Retail Unit & Basement - Approx. 1,361 SQFT (1278 SQM)
- Upper Floors: 3 Fully Occupied Studio Flats
- Current Rental Income: £18,540 PAX
- Estimated Rental Value: £37,540 PAX
A 3-storey character building conveniently located within a busy parade of shops in Leicester City Centre. The ground floor comprises; retail area of approximately 1,361 sqft (127 sqm) with a kitchen and shower room to the rear, and a basement with ample storage which can also be used as an additional retail area. The retail unit will be sold with vacant possession. The upper floors comprise 3 fully let studio flats with separate access via Pocklington's Walk.
Location
This property is situated within a busy parade of shops on Market Street, which is off Millstone Lane and Horsefair Street in Leicester City Centre. The property is in close proximity to Leicester Railway Station, Highcross Shopping Centre, both of Leicester's Universities and benefits from excellent passing trade and high footfall.
Description
A 3-storey character building conveniently located within a busy parade of shops in Leicester City Centre. The ground floor comprises; retail area of approximately 1,361 sqft (127 sqm) with a kitchen and shower room to the rear, and a basement with ample storage which can also be used as an additional retail area. The retail unit will be sold with vacant possession. The upper floors comprise 3 fully let studio flats with separate access via Pocklington's Walk.
Accommodation
All measurements are approximate: Ground Floor: Retail Unit - Sales area, store, kitchen, shower room, basement. Approx. 1,361 sqft (127 sqm)EPC: Rating 32, Band D. AST: VacantRent £ Pax: ERV: £19,000Upper FloorsFlat 1: Studio flat with ensuite shower room. Approx. 182 sqft (17 sqm)EPC: Rating 80, Band CAST: 6 months from 08.07.2024Rent £ PAX: £4,470Flat 2: Entrance hall, lounge/bedroom, kitchen, shower room. Approx. 355 sqft (33 sqm) EPC: Rating 77, Band CAST: 6 months from 01.06.2023Rent £ PAX: £6,600Flat 3: Studio flat with ensuite shower room. Approx. 473 sqft (44 sqm)EPC: Rating 70, Band CAST: 6 months from 08.06.2024Rent £ PAX: £7,200
Current Rental Income
£18,540 per annum exclusive.
Estimated Rental Value
£37,540 per annum exclusive.
Tenure
Freehold, subject to existing tenancies.
Services
The services, fittings and appliances (if any) have not been tested by the agents.
Local Authority
Leicester City Council.
Viewings
Kal Sangra, Shonki Brothers Ltd85 Granby Street, Leicester, LE1 6FB[use Contact Agent Button][use Contact Agent Button]
Council Tax Band: Exempt - Commercial
Tenure: Freehold
Location
This property is situated within a busy parade of shops on Market Street, which is off Millstone Lane and Horsefair Street in Leicester City Centre. The property is in close proximity to Leicester Railway Station, Highcross Shopping Centre, both of Leicester's Universities and benefits from excellent passing trade and high footfall.
Description
A 3-storey character building conveniently located within a busy parade of shops in Leicester City Centre. The ground floor comprises; retail area of approximately 1,361 sqft (127 sqm) with a kitchen and shower room to the rear, and a basement with ample storage which can also be used as an additional retail area. The retail unit will be sold with vacant possession. The upper floors comprise 3 fully let studio flats with separate access via Pocklington's Walk.
Accommodation
All measurements are approximate: Ground Floor: Retail Unit - Sales area, store, kitchen, shower room, basement. Approx. 1,361 sqft (127 sqm)EPC: Rating 32, Band D. AST: VacantRent £ Pax: ERV: £19,000Upper FloorsFlat 1: Studio flat with ensuite shower room. Approx. 182 sqft (17 sqm)EPC: Rating 80, Band CAST: 6 months from 08.07.2024Rent £ PAX: £4,470Flat 2: Entrance hall, lounge/bedroom, kitchen, shower room. Approx. 355 sqft (33 sqm) EPC: Rating 77, Band CAST: 6 months from 01.06.2023Rent £ PAX: £6,600Flat 3: Studio flat with ensuite shower room. Approx. 473 sqft (44 sqm)EPC: Rating 70, Band CAST: 6 months from 08.06.2024Rent £ PAX: £7,200
Current Rental Income
£18,540 per annum exclusive.
Estimated Rental Value
£37,540 per annum exclusive.
Tenure
Freehold, subject to existing tenancies.
Services
The services, fittings and appliances (if any) have not been tested by the agents.
Local Authority
Leicester City Council.
Viewings
Kal Sangra, Shonki Brothers Ltd85 Granby Street, Leicester, LE1 6FB[use Contact Agent Button][use Contact Agent Button]
Council Tax Band: Exempt - Commercial
Tenure: Freehold
Property information from this agent
About this agent
Kal Sangra Shonki Brothers - Commercial
85 Granby Street
Leicester, Leicestershire
LE1 6FB
0116 448 3844Here at Kal Sangra ~ Shonki Brothers we provide an extensive range of estate agency and property services and our aim is to provide all your property needs under one roof. Established in 1966, Shonki Brothers, were the first Asian Estate Agents in England. “Customer First” is and will always will be our ethos, with this in mind our service is delivered with a fresh and enthusiastic approach by an experienced and friendly team which is second to none. Local knowledge and expertise mean you can be assured that you are receiving professional and well-informed advice and expert guidance derived from over 20 years of experience.