This property is no longer on the market
Residential development
Property description & features
- Tenure: Freehold
- Commercial investment / commercial & residential development
- Freehold, subject to existing leases.
- Guide price: £1,150,000 £1,200,000
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
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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