Map
Area statsProperty for sale
Church Gate, Leicester
Property
Features and description
- City Centre Investment Opportunity
- Mixed Use (4 Shops & 8 Apartments)
- Generating approx. £120,000 pa
- Approx. 9% yield
Readings Property Group are pleased to bring to market an investment opportunity in the heart of Leicester City Centre offering approx. 9% gross yield. The property is located on Church Gate and provides an income of approx. £120,000 per annum from 4 retail units and 8 apartments.
Location - The property occupies a City Centre location, located approximately 100 yards from the Clock Tower. Access to the Highcross Shopping Centre is located less than 50 yards from the premises. Nearby occupiers include Santander, Waterstones, Metro Bank, Tim Hortons.
Opportunity - The property consists of 4 Retail Units and 8 Apartments.
The rent schedules are attached to the brochure or can be provided on request.
The ground floor consists of four retail units with a total rental income of £55,000 per annum
The upper floors consist of 8 apartments (4x1 bed and 4x2 bed) with a total rental income of £65,640 per annum
The total rental income of the whole building is £120,640 per annum which eqautes to a gross yield of approx. 9%
There is the oportunity to increase the income at review or reversion which then provides a gross yield of approx. 9.5%
Accommodation - The ground floor retail units measure as follows:
No.16: 55.5 sqm (597 sf)
No.18: 58.2 sqm (626 sf)
No.20: 50.4 sqm (543 sf)
No.22: 50.0 sqm (538 sft)
Apartments 1-8 vary in sizes. floor plans can be proivded on request.
Rating - Ground Floor Retail
Rateable value:
No.16: £8,900
No.18 £8,900
No.20 & 22 - awaiting split.
Prospective buyers are required to confirm rates payable with the local authority.
Eight apartments on the Upper Floors are Assessed to be Council Tax Band A.
Energy Performance - All EPC's are valid. copies will be provided.
Planning - We believe the current planning use of the ground floor units would fall under Class E and the upper floor as residential.
We would advise all interested parties to make their own enquiries and not solely rely on information we have provided
Vat - We understand VAT is not applicable.
Services - Commercial:
Mains Electric & Water
Residential
Mains Electric & Water.
Legal Costs - Each party to be responsible for their own costs.
Viewings - Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).[use Contact Agent Button]
Agents 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.
Location - The property occupies a City Centre location, located approximately 100 yards from the Clock Tower. Access to the Highcross Shopping Centre is located less than 50 yards from the premises. Nearby occupiers include Santander, Waterstones, Metro Bank, Tim Hortons.
Opportunity - The property consists of 4 Retail Units and 8 Apartments.
The rent schedules are attached to the brochure or can be provided on request.
The ground floor consists of four retail units with a total rental income of £55,000 per annum
The upper floors consist of 8 apartments (4x1 bed and 4x2 bed) with a total rental income of £65,640 per annum
The total rental income of the whole building is £120,640 per annum which eqautes to a gross yield of approx. 9%
There is the oportunity to increase the income at review or reversion which then provides a gross yield of approx. 9.5%
Accommodation - The ground floor retail units measure as follows:
No.16: 55.5 sqm (597 sf)
No.18: 58.2 sqm (626 sf)
No.20: 50.4 sqm (543 sf)
No.22: 50.0 sqm (538 sft)
Apartments 1-8 vary in sizes. floor plans can be proivded on request.
Rating - Ground Floor Retail
Rateable value:
No.16: £8,900
No.18 £8,900
No.20 & 22 - awaiting split.
Prospective buyers are required to confirm rates payable with the local authority.
Eight apartments on the Upper Floors are Assessed to be Council Tax Band A.
Energy Performance - All EPC's are valid. copies will be provided.
Planning - We believe the current planning use of the ground floor units would fall under Class E and the upper floor as residential.
We would advise all interested parties to make their own enquiries and not solely rely on information we have provided
Vat - We understand VAT is not applicable.
Services - Commercial:
Mains Electric & Water
Residential
Mains Electric & Water.
Legal Costs - Each party to be responsible for their own costs.
Viewings - Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).[use Contact Agent Button]
Agents 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
Area statistics
Crime score
High crime
10/10
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.