Guide price
£375,000
2 bed property for saleGipsy Lane, Leicester LE4
2 beds
2 baths
2 receptions
EPC Rating: D
Auction
Freehold
About this property
****For sale by Public Auction on 3rd September 2026 14.00. Register to bid*****
An excellent mixed-use freehold investment opportunity in a sought-after location.
Two commercial units and two first-floor flats. Each flat is let on assured periodic tenancies at £500.00 per calendar month. Number 292 is let at £475.00 per calendar month, and 290 is currently vacant.
There is land to the rear and extensive timber-constructed storage units to the rear of 290.
There is scope to raise rents in line with current market levels. Eri £34,000 per annum.
290 Gipsy Lane Ground Floor (7.80m x 5.57 max (25'7" x 18'3" max))
Currently vacant. Eri of £12,000 per annum.
Note there are extensive substantial timber constructed stores to the rear.
290 Gipsy Lane First Floor Flat
Entrance hall, Lounge 3.75m x 3.20m, Bedroom 4.11m x 2.43m, Kitchen 2.59m x 2.52, Bathroom 1.75m x 1.67m . EPC D 35m2 currently let at £6000 per annum
292 Gipsy Lane Ground Floor (3.50m x 2.97m (11'5" x 9'8"))
Plus a walk in store 3.20m x 1.53m. Currently let at £5700.00 per annum.
292 Gipsy Lane First Floor Flat
Entrance hall, Lounge 4.11m x 3.35m, Bedroom 4.35m x 2.74m, Kitchen 2.28m x 1.92m, Bathroom 1.92m x 1.52m EPC C 36m2. Currently let at £6,000 per annum
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Buyer's Administration Fee
The successful buyers will be required to pay an auction administration fee of £1800 inc VAT ( £1,500 + VAT)
An excellent mixed-use freehold investment opportunity in a sought-after location.
Two commercial units and two first-floor flats. Each flat is let on assured periodic tenancies at £500.00 per calendar month. Number 292 is let at £475.00 per calendar month, and 290 is currently vacant.
There is land to the rear and extensive timber-constructed storage units to the rear of 290.
There is scope to raise rents in line with current market levels. Eri £34,000 per annum.
290 Gipsy Lane Ground Floor (7.80m x 5.57 max (25'7" x 18'3" max))
Currently vacant. Eri of £12,000 per annum.
Note there are extensive substantial timber constructed stores to the rear.
290 Gipsy Lane First Floor Flat
Entrance hall, Lounge 3.75m x 3.20m, Bedroom 4.11m x 2.43m, Kitchen 2.59m x 2.52, Bathroom 1.75m x 1.67m . EPC D 35m2 currently let at £6000 per annum
292 Gipsy Lane Ground Floor (3.50m x 2.97m (11'5" x 9'8"))
Plus a walk in store 3.20m x 1.53m. Currently let at £5700.00 per annum.
292 Gipsy Lane First Floor Flat
Entrance hall, Lounge 4.11m x 3.35m, Bedroom 4.35m x 2.74m, Kitchen 2.28m x 1.92m, Bathroom 1.92m x 1.52m EPC C 36m2. Currently let at £6,000 per annum
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Buyer's Administration Fee
The successful buyers will be required to pay an auction administration fee of £1800 inc VAT ( £1,500 + VAT)
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£1,875 per month
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