Property Details

LONDON ROAD

  • londonroad shop
  • SAM_3358
  • SAM_3725 (2)
  • SAM_3718 (2)
  • SAM_3727 (2)
  • SAM_3716 (2)
  • SAM_3719 (2)
  • SAM_3721 (2)

For Sale £1,250,000  
10 Bedrooms10 Bathrooms Print this page

Highlight the unique selling points of your property and enter information that would appeal to your target market.

A fully renovated student let investment property with a ground floor commercial unit.

The property consists of a four storey building, with a ground floor commercial unit with a current usage classification of :

A1 Shops – Shops, retail warehouses, hairdressers, undertakers, travel and ticket agencies, post offices, pet shops, sandwich bars, showrooms, domestic hire shops, dry cleaners, funeral directors and internet cafes.

and

B1 Business – Offices (other than those that fall within A2), research and development of products and processes, light industry appropriate in a residential area.

The building occupies a corner plot, with a double frontage looking onto London Road and De Montfort Street. The ground floor unit is currently an Insurance brokerage firm, and is also advertised for rental (£16, 000pa).

The building sits in close proximity to the University of Leicester, the train station, local businesses and the city centre. The upper floors have been recently renovated into 3 student focused apartments, which are pre let for the 2018/19 academic year.

Student Income of £68, 200 pa.
Commercial unit income – £16, 000 pa
Combined gross of – £84,000 pa
Gross Yield – 6.7%

 

Property Map

Similar Properties