LOT 09

GUIDE PRICE: £475,000 - £485,000

157 London Road, Leicester, LE2 1EG

Solicitor Details

Salusbury Harding & Barlow, 1 Berridge Street, Leicester LE1 5JT Tel: (0116) 262 6052 ~ Ref: J Dunbar

*Guide Price & Reserves

COMMERCIAL / RESIDENTIAL INVESTMENT

Property Description

A substantial 4 storey corner property with basement of approximately 3,669 sqft. The ground and first floors are occupied by a hair salon, with 3 flats over second and third floors and 3 rear parking spaces.

Location:

  • The property is located within a conservation area on the corner of Salisbury Avenue which is near to the junction of Evington Road and Granville Road
  • The property is within walking distance of Victoria Park, University of Leicester, the train station and city centre

Tenure

Freehold, subject to existing lease and tenancies.
FLOOR / FLAT ACCOMMODATION SQFT (SQM) EPC LEASE / TENANCY RENT £ PAX
Cellar 2 rooms
G/F Salon, kitchen 1,450 (135) 40, B New 10 year IRI lease plus service charge from 06.02.2026 22,000
Half Landing WC
F/F 3 offices, kitchen, WC 870 (80.7)
2/F - Flat 3 Large lounge, bedroom, kitchen, bathroom 677 (62.8) 83, B 12 months AST from 01.06.2025 5,400
3/F - Flat 1 Lounge/bedroom, kitchen, bathroom 400 (37.2) 78, C 12 months AST from 01.08.2022 5,400
3/F - Flat 2 Lounge/bedroom, kitchen, bathroom 272 (25.7) 76, C 12 months AST from 24.02.2026 6,600
Outside 3 car parking spaces for the salon
Current Rental Income 39,400
Estimated Rental Value 42,400

Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

LE2 1EG

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157 London Road, Leicester, LE2 1EG