Property for sale

Market Street, Loughborough LE11

Location

Situated in a prominent town centre position on Market Street, the property benefits from high footfall and excellent visibility. Nearby occupiers include Iceland, Primark, Boots, Costa Coffee, Caffè Nero, Holland & Barrett and Waterstones. The area is well served by public transport links and nearby public parking, making it an attractive trading location.

Description

A well-positioned ground floor retail investment situated within Loughborough's busy pedestrianised shopping area. The property comprises an open-plan retail unit with prominent glazed frontage, together with ancillary storage and staff facilities to the first floor. The premises benefit from suspended ceilings with integrated lighting and rear service access.

Tenure

The property is offered for sale freehold, subject to an occupational lease.

Lease Details

The property is let on a Full Repairing and Insuring (Fri) lease for a term of 10 years commencing on 26th February 2027 at a passing rent of £20,000 per annum, payable monthly in advance.

The lease incorporates three-yearly rent reviews, with the first review on 25th February 2030, together with a tenant-only break option on 25th February 2030, exercisable by serving not less than six months' prior written notice and subject to the terms of the lease.

Further lease documentation is available upon request.
VAT


VAT is applicable to this property.
EPC


Rated Band C. A copy of the EPC is available upon request.

Investment Opportunity

An excellent opportunity to acquire a freehold retail investment producing an annual rental income of £20,000, secured against a long-term commercial lease in a prime town centre location. The property offers investors immediate income with the benefit of regular rent reviews throughout the term.

Legal Costs

Each party is to bear their own legal costs incurred in the transaction.

Viewings

Strictly by prior appointment through SellMyHome.

Disclaimer

These particulars are intended as a guide only and do not constitute part of any offer or contract. Whilst every care has been taken in their preparation, all descriptions, measurements and other details are provided in good faith but without responsibility. Interested parties should satisfy themselves by inspection and independent enquiry as to their accuracy.