
For Sale
FOR SALE - Commercial/Residential Investment
LE1 6DN
Asking Price £550,000
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Property Key Details
FOR SALE - Commercial/Residential Investment
Commercial/Residential Investment
A 3 Storey Mixed Use Property
Located Within a Busy Parade Of Shops On Market Street, Benefitting From High Footfall
G/F: Retail Unit & Basement - Approx. 1,361 SQFT (1278 SQM)
Property Key Details
Upper Floors: 3 Fully Occupied Studio Flats
Current Rental Income: £18,540 PAX
Estimated Rental Value: £37,540 PAX
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Property Description
List of Services
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Location This property is situated within a busy parade of shops on Market Street, which is off Millstone Lane and Horsefair Street in Leicester City Centre. The property is in close proximity to Leicester Railway Station, Highcross Shopping Centre, both of Leicester’s Universities and benefits from excellent passing trade and high footfall.Location
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Description A 3-storey character building conveniently located within a busy parade of shops in Leicester City Centre. The ground floor comprises; retail area of approximately 1,361 sqft (127 sqm) with a kitchen and shower room to the rear, and a basement with ample storage which can also be used as an additional retail area. The retail unit will be sold with vacant possession. The upper floors comprise 3 fully let studio flats with separate access via Pocklington’s Walk.Description
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Accommodation All measurements are approximate: Ground Floor: Retail Unit - Sales area, store, kitchen, shower room, basement. Approx. 1,361 sqft (127 sqm) EPC: Rating 32, Band D. AST: Vacant Rent £ Pax: ERV: £19,000 Upper Floors Flat 1: Studio flat with ensuite shower room. Approx. 182 sqft (17 sqm) EPC: Rating 80, Band C AST: 6 months from 08.07.2024 Rent £ PAX: £4,470 Flat 2: Entrance hall, lounge/bedroom, kitchen, shower room. Approx. 355 sqft (33 sqm) EPC: Rating 77, Band C AST: 6 months from 01.06.2023 Rent £ PAX: £6,600 Flat 3: Studio flat with ensuite shower room. Approx. 473 sqft (44 sqm) EPC: Rating 70, Band C AST: 6 months from 08.06.2024 Rent £ PAX: £7,200Accommodation
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Current Rental Income £18,540 per annum exclusive.Current Rental Income
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Estimated Rental Value £37,540 per annum exclusive.Estimated Rental Value
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Tenure Freehold, subject to existing tenancies.Tenure
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Services The services, fittings and appliances (if any) have not been tested by the agents.Services
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Local Authority Leicester City Council.Local Authority
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Viewings Kal Sangra, Shonki Brothers Ltd 85 Granby Street, Leicester, LE1 6FB Tel: 0116 254 3373 Email: info@shonkibrothers.comViewings
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Important Information: - Shonki Brothers their clients and any joint agents give notice that:
These particulars are prepared as a general guide for the property and whilst they are believed to be correct their accuracy is not guaranteed. As such all photographs, measurements, floorplans and distances referred to are only provided as a guide and should not be relied upon for the purchase of flooring or any other fixtures or fittings.
Any and all fixtures and fittings listed in these particulars are deemed removable by the vendor. We have not tested any apparatus, equipment, fixtures or services and it is in the buyer’s interest to check the working condition of any applications.
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.
These particulars do not constitute part or all of an offer or contract.
Whilst we take care in preparing these particulars, it is the buyers responsibility to ensure they have carried out all their investigations of the various aspects of the property and that his/her legal representative confirms as soon as possible all matters relating to title, including the extent and boundaries of the property and other important matters, before exchange of contracts.
Any ground rent, service charges and any other lease details (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.
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.
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 the property.
In accordance with the Money Laundering Regulations 2017, the intending purchaser will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there is no delay in agreeing the sale.