Commercial property for sale in Hotel Street, Leicester LE1

£6,300,000 (£149.17/sq. ft)
Interested in this property? Call +44 116 484 6470 * or Request Details

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Commercial property for sale

42,235 sq. ft*

Property features

  • Total 42,235 sq ft
  • Site extends to approx 0.275 acres
  • Freehold price offers in excess of £6,300,000. A purchase at this level reflects an attractive gross initial yield of 10.89%, net initial yield of 8.02%.

Property description

The property is an attractive 5 storey period building of traditional brick and stone construction with a modern rear extention added in the 1960s beneath a part pitched slate and part flat roof. The building comprises of five ground floor retail units and 39 apartments providing 90 beds (14 studios, 8 x 2 bed cluster apartments, 7 x 3 bed cluster apartments, 10 x 4 bed cluster apartments) above. The uppers floors were converted into high quality student accommodation in 2017.

Internally, the spacious rooms are finished to a high standard being appointed with a double bed, desk and built in wardrobe, kitchen or kitchenette with oven, electric hob, dishwasher, fridge freezer and washing machine/dryer with karndean or Amtico flooring throughout. All beds are ensuite fitted with a shower, WC, wash basin and heated towel rail.

On site facilities include:-

- Electric heating throughout with individual thermostatic controlled panel radiators
- Recessed Lighting throughout with intelligent motion sensor lighting in common areas
- All rooms ensuite
- Sprinklers to common parts with smoke detectors in common areas and rooms
- Two Schindler passenger lifts
- Intercom to front door

- wifi


- Bike Store

- CCTV


Property info

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

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

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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.

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