Block of flats for sale in London Road, Leicester LE2

£1,250,000
Block of flats for sale
Interested in this property? Call +44 116 448 9100 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Off street parking
  • Prime Location
  • 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

Property description

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.

And

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%
Arrange Viewing

For more information about this property, please contact
Aspire Group, LE2 on +44 116 448 9100 * (local rate)

Contact Aspire Group about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Aspire Group, and do not constitute property particulars. Please contact Aspire Group 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.

View all London Road new homes for sale