Total views: 136
Floorplan
Map3 bedroom property for sale
Nottingham Road, Loughborough LE11
Property
3 beds
1695
Key information
Tenure: Freehold
Council tax: Band A
Features and description
- No. 81 - a dance studio let under a 1954 Act Commercial Tenancy - £7,800/annum
- No. 81 A - previously let on an AST for £800/PCM - with scope to be increased
- Could lend itself to an HMO
- Great transport links
An opportunity to acquire a mixed-use investment property comprising of a ground-floor commercial unit (No. 81) and a three bedroom flat above (No. 81A).
No. 81 is currently let as a dance studio on a 1954 Act commercial tenancy and provides an immediate income stream. No. 81A, previously let on a residential tenancy is now vacant and offers scope for renovation and enhancement, with the potential to increase rental yield.
Given Loughborough’s status as a university town, 81A may lend itself to conversion to a House in Multiple Occupation (HMO), subject to the necessary planning consents. Please note that the property falls within an Article 4 Direction area, meaning that any change of use to an HMO will require planning permission. Furthermore, HMOs occupied by five or more tenants will also require a mandatory HMO licence.
Location - The property is situated on the corner of Nottingham Road and Queens, on the eastern side of the vibrant market town of Loughborough. Loughborough is a well-connected university town offering a wide range of amenities including shops, schools, pubs, churches, and a hospital. The location provides convenient access to the town centre and its facilities. The property also has excellent transport links, with the M1 motorway junction located approximately 4 miles away and approximately 0.3 miles (5 minute walk) away from the railway station.
No. 81 (Commerical Unit) -
Ground Floor -
Studio - 9.51 x 3.52 (31'2" x 11'6") - Entrance hall and dance studio fitted floor length mirrors, with back door leading to small external walled yard area.
Kitchen - 3.06 x 3.54 (10'0" x 11'7" ) - Fitted kitchen units with stainless steel sink, washing machine and fridge,
Utility - Rear utility room with WC and store room.
No. 81A (The Flat) - A residential property that would benefit from a scheme of modernisation and redecoration.
Please note that the property is in a selective licensing area of Loughborough and is currently licenced.
81A has a ground floor entrance hall with stairway leading up to the first floor living areas.
First Floor -
Bedroom 3 - 4.23 x 4.92 (13'10" x 16'1") - With fireplace, carpet and TV point.
Dining Room - 4.17 x 3.16 (13'8" x 10'4") -
Kitchen - 2.90 x 2.86 (9'6" x 9'4") - With kitchen units, fridge, sink and washing machine.
Bathroom - With WC, bath with overhead shower and pedestal sink unit.
Second Floor -
Bedroom 1 - 4.25 x 4.92 (13'11" x 16'1") - Double bedroom with carpet.
Bedroom 2 - 4.18 x 3.16 (13'8" x 10'4") - Spacious bedroom with carpet floor.
Epc - 81A has an EPC rating of E - valid until August 2031.
81 has an C EPC rating of C - valid until June 2031.
Tenure - The property is freehold but subject to the following.
No. 81 is subject to a 1954 Act Commercial Tenancy - £ 7800/annum
No 81A (the residential flat) will be sold with vacant possession upon completion but previously has been let with a rental income of £800/PCM.
Guide Price - The land is being marketed for offers in the region of £250,000.
Method Of Sale - The property is offered for sale via private treaty.
Viewing - All viewings to be made by prior appointment with Andrew Granger & Co.
Further Information - For any further information, please contact:
Eloise Baker MSc BSc
Andrew Granger & Company
44-46 Forest Road, Loughborough, LE11 3NP
[use Contact Agent Button]
E-mail: [use Contact Agent Button]
Copies of tenancy agreements can be made available upon receipt of offers.
Council Tax And Business Rates - No. 81A is within Council Tax Band A.
No. 80. Business nRates are £4,400 (tenants responsibility).
Title - The property is registered with the Land Registry under title LT113498 (part of).
No. 81 is currently let as a dance studio on a 1954 Act commercial tenancy and provides an immediate income stream. No. 81A, previously let on a residential tenancy is now vacant and offers scope for renovation and enhancement, with the potential to increase rental yield.
Given Loughborough’s status as a university town, 81A may lend itself to conversion to a House in Multiple Occupation (HMO), subject to the necessary planning consents. Please note that the property falls within an Article 4 Direction area, meaning that any change of use to an HMO will require planning permission. Furthermore, HMOs occupied by five or more tenants will also require a mandatory HMO licence.
Location - The property is situated on the corner of Nottingham Road and Queens, on the eastern side of the vibrant market town of Loughborough. Loughborough is a well-connected university town offering a wide range of amenities including shops, schools, pubs, churches, and a hospital. The location provides convenient access to the town centre and its facilities. The property also has excellent transport links, with the M1 motorway junction located approximately 4 miles away and approximately 0.3 miles (5 minute walk) away from the railway station.
No. 81 (Commerical Unit) -
Ground Floor -
Studio - 9.51 x 3.52 (31'2" x 11'6") - Entrance hall and dance studio fitted floor length mirrors, with back door leading to small external walled yard area.
Kitchen - 3.06 x 3.54 (10'0" x 11'7" ) - Fitted kitchen units with stainless steel sink, washing machine and fridge,
Utility - Rear utility room with WC and store room.
No. 81A (The Flat) - A residential property that would benefit from a scheme of modernisation and redecoration.
Please note that the property is in a selective licensing area of Loughborough and is currently licenced.
81A has a ground floor entrance hall with stairway leading up to the first floor living areas.
First Floor -
Bedroom 3 - 4.23 x 4.92 (13'10" x 16'1") - With fireplace, carpet and TV point.
Dining Room - 4.17 x 3.16 (13'8" x 10'4") -
Kitchen - 2.90 x 2.86 (9'6" x 9'4") - With kitchen units, fridge, sink and washing machine.
Bathroom - With WC, bath with overhead shower and pedestal sink unit.
Second Floor -
Bedroom 1 - 4.25 x 4.92 (13'11" x 16'1") - Double bedroom with carpet.
Bedroom 2 - 4.18 x 3.16 (13'8" x 10'4") - Spacious bedroom with carpet floor.
Epc - 81A has an EPC rating of E - valid until August 2031.
81 has an C EPC rating of C - valid until June 2031.
Tenure - The property is freehold but subject to the following.
No. 81 is subject to a 1954 Act Commercial Tenancy - £ 7800/annum
No 81A (the residential flat) will be sold with vacant possession upon completion but previously has been let with a rental income of £800/PCM.
Guide Price - The land is being marketed for offers in the region of £250,000.
Method Of Sale - The property is offered for sale via private treaty.
Viewing - All viewings to be made by prior appointment with Andrew Granger & Co.
Further Information - For any further information, please contact:
Eloise Baker MSc BSc
Andrew Granger & Company
44-46 Forest Road, Loughborough, LE11 3NP
[use Contact Agent Button]
E-mail: [use Contact Agent Button]
Copies of tenancy agreements can be made available upon receipt of offers.
Council Tax And Business Rates - No. 81A is within Council Tax Band A.
No. 80. Business nRates are £4,400 (tenants responsibility).
Title - The property is registered with the Land Registry under title LT113498 (part of).
Property information from this agent
About this agent
Andrew Granger & Co has been an established property firm, estate agent, letting agent, commercial agent, and professional agent in Loughborough for over 27 years, and our office here covers a diverse range of properties and land for sale and to let as one of three Andrew Granger & Co’s branches in Leicestershire. If you’re looking for houses for sale in Loughborough and the surrounding areas, we can help you with smaller properties such a apartments, bungalows, and terraced homes through to detached period homes and character village properties. And if you’re in need of houses to let in Loughborough or elsewhere in Leicestershire we can offer properties to rent in a range of locations. Our rural team can also assist you with a whole host of property services including rural property valuations, rural estate management, rural planning, farm and land sales, rural grants and subsidies, and rural lets and tenancies across Leicestershire, Northamptonshire, Nottinghamshire, and Rutland. As an estate agent and letting agent in Loughborough, here at Andrew Granger & Co we’ll gladly offer property advice and have experienced and knowledgeable staff that are only too happy to help you with selling a property or helping you to find the right one in the Loughborough area and its distinct market.
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