Horsefair Street, Leicester, LE1
- PROPERTY TYPE
Residential Development
- SIZE
7,535 sq ft
700 sq m
Key features
- A Substantial Four Storey Property With Superb Potential
- Located In Leicester City Centre, With Access Via Horsefair Street & Market Place South
- Total GIA: 7,535 sqft (700.7 sqm) approx.
- Ground Floor Unit & Former Offices Occupying The First, Second & Third Floors
- Ground Floor Unit To Be Split Into 3 Units (1 Let Agreed)
- P/P Granted For The Change Of Use For The First, Second & Third Floors To Provide 8 Self Contained Flats
- ERV: £134,450 PAX
- Shell Condition
- Viewings Highly Recommended
- Must Be Seen
Description
This property is located on Horsefair Street, opposite Town Hall Square and near to Market Street South in Leicester City Centre. The property benefits from being in close proximity to a range of many amenities and facilities including Highcross Shopping Centre, Leicester Railway Station, universities, restaurants and much more.
Description
A substantial, four storey property conveniently situated within Leicester City Centre which has been brought back to shell condition.
The property briefly comprises a ground floor retail unit benefiting from a steel frame, glazed frontage on both street facing sides of the property, and former office spaces occupying the first, second and third floors which are in a shell condition.
We have been advised that the ground floor is to be split into 3 retail units, with terms agreed on shop 3.
Planning has been granted to provide 8 self-contained flats over the first, second and third floors with an amenity space on the second floor.
Accommodation
All measurements are approximate:
Existing:
Ground floor: 2,619 sqft (244 sqm)
First floor: 2,619 sqft (244 sqm)
Second floor: 1,157 sqft (107.5 sqm)
Third floor: 1,140 sqft (105.9 sqm)
Total GIA: 7,535 sqft (700.7 sqm)
Proposed Accommodation:
Details available on request.
Planning
Planning has been granted for the change of use of first, second and third floors from commercial & business use (Use Class E) to 8 self-contained flats (2 x studio, 6 x 1 bed) (Class C3).
Planning application no. 20220419. Dated 24.02.22.
Estimated Rental Value
£134,450 pax.
Tenure
Freehold.
We have been advised that there is an ingoing tenant for shop 3 on the ground floor. The terms are as follows; a 10 year lease at £24,000 pax fixed for the first 3 years subject to 3 yearly rent reviews. We understand the proposed use is for a Greek restaurant.
We have been advised that the open space on the second floor is being occupied by a telecommunications provider, with a 10 year lease from 26 August 2016 at a rental of £3,950 pa and an electricity contribution of £500 pa.
EPC
Rating 55, Band C.
Services
The services, fittings, and appliances (if any) have not been tested by the agents.
Local Authority
Leicester City Council.
Kal Sangra, Shonki Brothers Ltd
85 Granby Street, Leicester LE1 6FB
Brochures
Brochure 1Horsefair Street, Leicester, LE1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station0.4 miles
- South Wigston Station3.6 miles
- Syston Station4.7 miles
About the agent
Kal Sangra Shonki Brothers, Leicester
85 Granby Street, Leicester, LE1 6FB
Welcome to the SHONKI BROTHERS ESTATE AGENTS Website
Established in 1966, Shonki Brothers, the first Asian Estate Agents in England, have been providing service to the public for more than 30 years, which from humble beginnings can now claim to offer a service to Vendors and Purchasers which is second to none. We are a company with the clients interest at heart and you can be assured that your needs as a potential customer of Shonki Brothers will be handled in the most efficient and pro
Industry affiliations
Notes
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