LOT 20

GUIDE PRICE: £475,000 - £495,000

61 Church Gate, Leicester LE1 3AN, & 2-6 Mansfield Street, Leicester, LE1 3DL

Solicitor Details

Parity House, 19A Church Street, Oadby, Leicester LE2 5DB Ref: K Jamal ~ Tel (0116) 464 7559

*Guide Price & Reserves

PART COMMERCIAL INVESTMENT / RESIDENTIAL DEVELOPMENT

Property Description

A substantial corner property comprising two commercial units. This includes a three-storey building with a ground-floor café and residential accommodation above, providing a total net internal area of approximately 990 sq ft, together with a former factory building arranged over part two and part three storeys, extending to a gross internal area of 10,958 sq ft, with potential for residential conversion subject to planning permission.

Location:

  • The property is located in the city centre near Highcross Shopping Centre and the junction of Church Gate and St Peter’s Lane
  • It is within the Church Gate Conservation area

Planning:

  • Potential for commercial and residential redevelopment, subject to planning permission
  • An indicative scheme has been drawn up for the redevelopment of the factory to a 6-storey building comprising 4 ground floor retail units and 19 flats above
  • Local Authority: Leicester City Council (0116) 454 1000

Tenure:

  • Freehold, subject to existing lease of 61 Church Gate
  • Let on a 5 year lease from 01.12.2022 at a rental of £6,000 pax

Flat Assured Shorthold Tenancy Rent (£) pcm exc. Rent (£) pa exc.
Property Accommodation SQFT (SQM) EPC
61 Church Gate[/colour]
Ground Cafe, kitchen, WC 413 (38.35) 150, F (expired)
First Lounge, store room with separate shower room 309 (28.69)
Second 2 bedrooms 268 (24.8)
NIA 990 (91.97)
2-6 Mansfield Street
Basement Storage 2,680 (248.98) 87, D
Ground Warehouse 3,218 (298.96)
First Warehouse 3,223 (299.42)
Second Warehouse 1,837 (170.66)
GIA 10,958 (11,018.03)

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.

LE1 3DL

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61 Church Gate, Leicester LE1 3AN, & 2-6 Mansfield Street, Leicester, LE1 3DL