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3 bedroom detached house for sale

Forest Road, Loughborough

Removed £575,000

Property Description

Key features

  • Development/Investment Opportunity
  • Detached 3 Bedroom Home
  • Former Retail Premises
  • 2 Apartments (Currently Let)
  • Large Former Stable Block (1500 sq.ft)
  • Close To Loughborough Centre
  • Viewing Essential
  • EPC: F, E and D

Full description

Tenure: Freehold

A fabulous opportunity for the discerning investor to acquire a collection of properties lying in a prime position close to the centre of Loughborough and extending to approximately 789 sq.m. The site and its properties offer superb potential for further conversion/extensive used as retail or offices subject to the necessary consents. The site is on a prominent corner position on Forest Road/Park Road junction close to Emmanuel Church.

12a Forest Road - Built circa 1912 this well-proportioned detached home comprises a reception hallway, lounge, separate dining room, breakfast kitchen, study, three double bedrooms, family bathroom and has an enclosed private courtyard garden.

12b Forest Road - Previously used for retail purposes with the ground floor unit measuring around 37 sq.m (402 sq.ft) with a similar first floor space above. We understand the ratable value to be £4450 but we would advise any interested party to make their own further enquiries.

14 and 14a Forest Road - Attractively proportioned grade II listed property that has been converted into two spacious apartments. Both properties are currently let on an assured shorthold tenancy and currently yield an income of around £11,880 per annum (£495 pcm per property).

14b Forest Road - This is a two storey former stable block of brick and slate construction. It is an a dilapidated condition and the total area is approximately 1559 sq.ft (144.9 sq.m).

Outside there is an extensive cobbled driveway/courtyard area which provides car parking for the apartments etc. There are a range of brick outbuildings and three open ended garages.

Tenure: The properties are offered for sale freehold with vacant possession upon completion. Please note written notice will need to be served on the tenants of 14 and 14a Forest Road if vacant possession is required. They are currently subject to assured shorthold tenancy agreements in the continuation period.

Services: Mains water / drainage / electricity are believed to be connected to the property but purchasers are advised to satisfy themselves as to their suitability. 

More information from this agent

Listing History

Added on Rightmove:
04 November 2016

Map & Street View

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