Commercial property for sale in 27 Friar Lane, Leicester, Leicestershire LE1

£1,400,000 (£314.18/sq. ft)
Interested in this property? Call +44 116 484 6470 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Commercial property for sale

4,456 sq. ft*

Property features

  • Current Rental Income: £128,240 per annum
  • Producing a Gross Yield of 9.16%
  • Desirable city centre location close to both of Leicester's universities and the railway station
  • Freehold Price: £1.4M

Property description

The property comprises an attractive three storey period building of brick construction beneath a pitched slate roof. The front elevation at ground level comprises a timber individual access entrance door together with single glazed sash windows whilst the upper floors comprise single glazed sash windows also. Internally, the property has been configured to provide a high quality House in Multiple Occupation (HMO) and comprises 16 bed spaces, 10 of which are en-suite and 6 that share a bathroom between a pair whilst there are two dining kitchens, laundry rooms and communal living spaces in the basement.

The property has been decorated to a high standard and comprises a hi-tech inset audio speaker system for each bedroom which can be connected via bluetooth for each individual tenant. There is also a smart central heating system that can be managed and diagnosed remotely if there are any issues, and features sensors for each room to accommodate each tenant's routine.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Innes England, LE1 on +44 116 484 6470 * (local rate)

Contact Innes England about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Innes England, and do not constitute property particulars. Please contact Innes England for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

10 more properties like this

View all Friar Lane commercial properties for sale