Industrial for sale in Mixed Investment For Sale, 16 & 17 Churchgate, Loughborough LE11
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Key Points
Description
16 & 17 Churchgate comprise 2 properties - one 2 storey and one 3 storey property, with commercial units on the ground floor and 4 residential units on the first and second floors. The properties are brick built and under pitched tiled roofs.
(P&F commercial have not inspected the residential accommodation)
Location
This mixed use Investment is located just off the main pedestrianised town centre of Loughborough.
The town has a population in the region of 60,000 making it the largest settlement outside of the County capital of Leicester. The Town lies on the A6 and is approximately midway between Leicester and Nottingham. Loughborough is home to Loughborough university, an excellent facility that boasts one of the largest sports scholarship schemes in the UK.
Viewings
Strictly by prior appointment via the sole agents P & F Commercial Tel: Or via email
Accommodation
16 Churchgate - Commercial space (763 sq ft)- Currently available £12,000 pa
17 Churchgate - Commercial space (340 sq ft) - Let to The Gate Barbers - £7,500 per annum - Holding over currently
The Barbers are due to sign a new 6-year lease terms with 3-year breaks in 2024. These will be on internal repairing and insuring leases. No. 17 has benefitted from a new roof in the last 3 years.
Residential income: -
Flat 16a Churchgate - £476.66 pcm
Flat 16b Churchgate - £433.33 pcm
Flat 16c Churchgate - £466.66 pcm
Flat 4 16 Churchgate - £866.68 pcm
Services
We are advised that all main services are connected to the property. These services have not been inspected or tested by the agent.
Terms
For Sale freehold - Subject to tenants - leases available upon request.
Outgoings
Commercial unit 16 - £9900 per annum rateable value. Commercial unit 17 - £6700 per annum rateable value
All tenants are responsible for rates payable.
VAT
The property maybe opted to tax and VAT may apply to the purchase price. To be confirmed by the sellers accountant in due course.
Other
Finance may be available through Independent Financial Brokers and P&F Commercial would be pleased to make an introduction for you. The Brokers are completely Independent and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
P & F Commercial, LE15 on +44 1664 518993 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by P & F Commercial, and do not constitute property particulars. Please contact P & F Commercial 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.
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