No longer on the market
This property is no longer on the market
MapResidential development
Residential development
38 beds
Features and description
- Commercial investment / commercial & residential development
- Freehold, subject to existing leases.
- Guide price: £1,150,000 £1,200,000
AVAILABLE £1,200,000 For Sale by Public Auction on03/03/2021
Location:
The property is located off Humberstone Road within walking distance of St George's Retail Park and fronts Malabar Road, Madras Road and Brunswick Street.
Description:
A large 2 storey property comprising 6 ground floor retail units with offices/storage above and a large adjacent car park on a site area of approximately 666 sqm (796.5 sqyds). The property has planning permission for demolition and mixed use development of 10 retail units and 27 flats.
Planning:
Demolition of existing building; construction of four and five storey building to create 10 shops on the ground floor (Class A1) and 27 flats on the first to fourth floors (16 x 1 bed & 11 x 2 bed) (Class C3).
Planning Application No. 20171160 dated 27.02.2020.
Local Authority: Leicester City[use Contact Agent Button].
Tenure
Freehold, subject to existing leases.
Solicitors
DWS Legal, 14-18 Friar Lane, Leicester LE1 5RA
[use Contact Agent Button] ~ Ref: M Patel
Accommodation:
Accommodation & Leases:
Unit Use SQFT (SQM) approx EPC Lease Rent £ PAX GROUND FLOOR1Salon135 (12.5)pending2 years from 01.10.20193,3602Optician548 (50.9)pending3 years from 01.10.20199,0003Supermarket636 (59.1)pending01.06.2018 - 30.11.20209,6004Restaurant734 (68.2)pending2 years from 01.07.20208,4005Supermarket709 (65.9)pending16.03.2020 - 31.03.20228,4006Salon276 (25.6)pending01.06.2018 - 30.11.20203,960FIRST FLOOROffices, kitchen, WCs3,295 (306.1)pendingvacantCurrent Rental Income42,720
Location:
The property is located off Humberstone Road within walking distance of St George's Retail Park and fronts Malabar Road, Madras Road and Brunswick Street.
Description:
A large 2 storey property comprising 6 ground floor retail units with offices/storage above and a large adjacent car park on a site area of approximately 666 sqm (796.5 sqyds). The property has planning permission for demolition and mixed use development of 10 retail units and 27 flats.
Planning:
Demolition of existing building; construction of four and five storey building to create 10 shops on the ground floor (Class A1) and 27 flats on the first to fourth floors (16 x 1 bed & 11 x 2 bed) (Class C3).
Planning Application No. 20171160 dated 27.02.2020.
Local Authority: Leicester City[use Contact Agent Button].
Tenure
Freehold, subject to existing leases.
Solicitors
DWS Legal, 14-18 Friar Lane, Leicester LE1 5RA
[use Contact Agent Button] ~ Ref: M Patel
Accommodation:
Accommodation & Leases:
Unit Use SQFT (SQM) approx EPC Lease Rent £ PAX GROUND FLOOR1Salon135 (12.5)pending2 years from 01.10.20193,3602Optician548 (50.9)pending3 years from 01.10.20199,0003Supermarket636 (59.1)pending01.06.2018 - 30.11.20209,6004Restaurant734 (68.2)pending2 years from 01.07.20208,4005Supermarket709 (65.9)pending16.03.2020 - 31.03.20228,4006Salon276 (25.6)pending01.06.2018 - 30.11.20203,960FIRST FLOOROffices, kitchen, WCs3,295 (306.1)pendingvacantCurrent Rental Income42,720
About this agent
Kal Sangra Shonki Brothers - Auction House
85 Granby Street
Leicester, Leicestershire
LE1 6FB
0116 484 9720Established in 1966, Shonki Brothers, were the first Asian Estate Agents in England. “Customer First” is and will always 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.