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Residential Development for sale

Forest Road, Loughborough

Sold STC £575,000

Property Description

Full description


The site itself extends to approximately 0.191 acres (0.08 hectares) or thereabouts and includes a substantial three bedroom detached house of brick and slate construction which we understand was built in 1912, a further brick and slate property previously used for commercial purposes, a two storey Grade II Listed property converted into two apartments (currently yielding £11,880 per annum) and a former stable block in dilapidated condition with adjoining open fronted garages.
12A Forest Road, Loughborough: 'F'
12B Forest Road, Loughborough: TBC
14 Forest Road, Loughborough: Rating ' E'
14A Forest Road, Loughborough: Rating 'D'

Location - The site occupies a well established and prominent position on Forest Road within level walking distance from all town centre amenities and close to Queens Park, the Leisure Centre on Browns Lane , Emmanuel Church and Loughborough University. In addition there is easy access to the Epinal Way inner ring road and further road links to the M1 Motorway at junction 23.

Viewings & Directions - By arrangement through the Selling Agents, Andrew Granger & Co telephone 01509 235534.

The site is located at the start of Forest Road adjacent to its junction with Park Road and almost opposite Emmanuel Church.

12A Forest Road, Loughborough - A substantial three bedroom detached house of brick and slate construction which we understand was built around 1912.

Ground floor
Entrance hall
Sitting room 18'0 x 13'6 (5.48m x 4.11m)
Dining room 14'6 x 13'6 (4.42m x 4.11m)
Breakfast Kitchen 14'0 x 12'0 (4.26m x 3.65)
Study 8'0 x 6'3 (2.44m x 1.90m)

First floor
Bedroom One 18'0 x 13'6 (5.48m x 4.11m)
Bedroom Two 14'6 x 12'3 (4.42m x 3.73m)
Bedroom Three 14'0 x 8'0 (4.26m x 2.43m)

Enclosed courtyard garden with outside W.C.

12B Forest Road, Loughborough - A brick and slate property which has previously been used for commercial purposes.

Ground floor retail unit measuring 407.2 Sqft (37.83 Sqm) with storage over.

The property has a Rateable Value of £4,450.

14 & 14A Forest Road, Loughborough - A two storey property of brick and Swithland slate construction converted into two apartments. Both properties are let on Assured Shorthold Tenancies and currently yield an income of £11,880 per annum (£495 per calendar month per property).

14 Forest Road, Loughborough

Ground floor
Entrance Hall
Bedroom One 15'0 x 13'0 (4.57m x 3.96m)
Bedroom Two 12'0 x 9'0 (3.65m x 2.74m)
Living room 17'0 x 16'6 (5.18m x 5.03m)
Breakfast Kitchen 14'6 x 11'6 (4.42m x 3.50m)

14A Forest Road, Loughborough

Ground floor
Entrance lobby with staircase to the:
First floor
Sitting room 15'0 x 13'0 (4.57m x 3.96m)
Bedroom One 13'0 x 12'0 (3.96m x 3.65m)
Kitchen 13'3 x 8'0 (4.04m x 2.44m)
Inner lobby
Bedroom Two 14'6 x 11'0 (4.42m x 3.35m)
Bedroom Three 16'6 x 8'6 (5.03m x 2.59m)

Cobbled driveway/courtyard providing car parking.
Range of brick outbuildings and three open ended garages.

14B Forest Road, Loughborough - A former stable block of brick and slate construction in dilapidated condition. Gross external area of 851 square feet (79.11 square meters).

Potential Uses/Planning - The buildings and site offer potential for conversion, improvement or extension and future uses may include retail, offices, single or multiple residential and others, subject to the necessary consents. The site could also be demolished and rebuilt subject to consents with the exception of 14 & 14a Forest Road which are listed.

It is unlikely that the site will be suitable for student housing or accommodation requiring an HMO Licence.

Charnwood Borough Council are currently in the process of adopting their Core Strategy with a six week Public Consultation Period with regard to amendments ending on the 26 May 2015. The site is within the Loughborough Town settlement boundary and outside the Loughborough Town Centre area.

All interested parties are invited to make their own enquiries to Charnwood Borough Council Planning Department.

Tenure - The properties are offered for sale freehold with vacant possession upon completion (NB : Written notice will need to be served on the tenants of 14 & 14A Forest Road if vacant possession required, they are currently subject to Assured Shorthold Tenancy Agreements in the continuation period).

Method Of Sale - The property is offered for sale as a whole by private treaty and the vendors will consider unconditional and conditional offers.

Energy Performance Certificates - 12A Forest Road, Loughborough: Rating 'F'
12B Forest Road, Loughborough: TBC
14 Forest Road, Loughborough: Rating ' E'
14A Forest Road, Loughborough: Rating 'D'

Fixtures And Fittings - Any items normally regarded as a Tenant's Fixture is excluded from the sale.

Site And Location Plans - For identification purposes only not to scale.
Reproduced from the Ordnance Survey map with the permission of
the controller of H.M.S.O (C) Crown copyright reserved Licence

Floor Plans - For identification purposes only (not to scale).

Further Information - For any further information please contact Mr David Woodfield (FNAEA) on 01509 235534 or Mr Adam Jaeban BSc (Hons) MRICS on 01509 243720.

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