No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

Residential development

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Residential development
38 bed
0 bath

Property description & features

  • Tenure: Freehold
  • 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

Places of interest

    Established 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.

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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