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Off street parking
Corner Unit, facing London Road and De Montfort Street
Close to train station
Conversion of upper floors into en-suite student accomodation.
Commercial unit with 2 parking spaces
The property consists of a four storey building, with a ground floor commercial unit with a current usage classification of :
A1 Shops - Shops, retail warehouses, hairdressers, undertakers, travel and ticket agencies, post offices, pet shops, sandwich bars, showrooms, domestic hire shops, dry cleaners, funeral directors and internet cafes.
B1 Business - Offices (other than those that fall within A2), research and development of products and processes, light industry appropriate in a residential area.
The building occupies a corner plot, with a double frontage looking onto London Road and De Montfort Street. The ground floor unit is currently an Insurance brokerage firm, and is also advertised for rental (£16,000pa).
The building sits in close proximity to the University of Leicester, the train station, local businesses and the city centre. The upper floors have been recently renovated into 3 student focused apartments, which are pre let for the 2018/19 academic year.
Student Income of £68,200 pa. Commercial unit income - £16,000 pa Combined gross of - £84,000 pa Gross Yield - 6.7%
For more information about this property, please contact Aspire Group, LE2 on +44 116 448 9100 * (local rate)
Contact Aspire Group about this property
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