For Sale

120-134 Wharf St North
Leicester
LE1 2AB

  • City Centre Location
  • 3 Storey Building
  • 4 Retail Units
  • 4 2 Bedroom Self-Contained Flats Above
  • Current Rental Income: £46,800 pax
  • Potential Rental Income: £56,800 pax
  • PRICE: £575,000

Summary

A large corner 3 storey property comprising of four retail units with four self-contained flats on the two upper floors.

Directions

The unit is located on the Inner Ring Road, near to Burleys Flyover and adjacent to the Campanile Hotel.

Accommodation

120 – 124 – Ground Floor:
Size: 2,790 sqft
EPC: Rating 88, Band D
Lease: 9 years from 16.06.12 on FRI basis with 3 year rent reviews
Use: 3 separate retail units comprising of hair salon, social club, and restaurant
Rent: £24,000 pax

126 – Ground Floor:
Size: 900 sqft
EPC: Rating 78, Band D
Lease: Vacant
Use: Retail unit

First Floor & Second Floor:

128:
Flat 1 – Lounge, kitchen, 2 bedrooms, bathroom
EPC: Rating 61, Band D
Tenancy: 6 months Assured Shorthold Tenancy from 03.02.14
Rent: £475 pcm exc. (£5,700 pax)

130:
Flat 2 – Lounge, kitchen, 2 bedrooms, bathroom
EPC: Rating 66, Band D
Tenancy: 6 months Assured Shorthold Tenancy from 19.11.13
Rent: £475 pcm exc. (£5,700 pax)

132:
Flat 3 – Lounge, kitchen, 2 bedrooms, bathroom
EPC: Rating 66, Band D
Tenancy: 6 months Assured Shorthold Tenancy from 02.03.14
Rent: £475 pcm exc. (£5,700 pax)

130:
Flat 2 – Lounge, kitchen, 2 bedrooms, bathroom
EPC: Rating 60, Band D
Tenancy: 6 months Assured Shorthold Tenancy from 21.02.14
Rent: £475 pcm exc. (£5,700 pax)

Current Rental Income: £46,800 pax
Estimated Rental Value: £56,800 pax

Note:
VAT is not payable on the purchase price.
The property was previously marketed for £650,000.

Tenure:
Freehold, subject to existing leases/tenancies.

Energy Performance Certificate

A copy of the EPC will be available for inspection on request.

Viewing

By appointment through the sole selling agent.

Disclaimer

Important Information:
All statements contained in these particulars are provided in good faith and are believed to be correct but their accuracy is not guaranteed. These particulars do not constitute any part of any offer or contract. None of the statements contained herein are, or are intended to be statements or representations of fact or opinion by either the vendor or Shonki Brothers Ltd or its employees or agents.

Neither Shonki Brothers Ltd nor its employees or agents are authorised to make or give any representation, guarantees or warranties whatsoever in relation to the above premises. Interested parties must satisfy themselves by inspection or survey on any matter or statement contained in these particulars.

The premises detailed in these particulars are offered subject to them not having been let, sold or withdrawn and Shonki Brothers Ltd will accept no liability for consequential loss arising from these particulars or any negotiations in relation thereto.

Health & Safety:
You are asked to exercise all care and diligence during your inspection of the property and the Agents are unable to warrant that the property is free of hazards or complies with Health and Safety legislation. The Agents accept no liability for injury or loss to persons or property when visiting.