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Residential Development for sale

Deacon Street, Leicester


Property Description

Full description

This is an exceptional opportunity to acquire a residential development site adjacent to Leicester De Montfort University and close to Leicester Royal Infirmary with detailed Planning Permission for 25 apartments and 15 car parking spaces. The existing buildings have a gross internal floor area of 848.6 sq. m. (9,134 sq. ft.) with the completed scheme totalling 1,456 sq. ft. (15,670 sq. ft.) There are several student residences completed or under construction in the immediate vicinity.

Situation - The property is situated on the North side of Henshaw Street close to its junction with Gateway Street, in an area of mixed institutional, commercial and residential uses lying to the South-West of Leicester City Centre. Neighbouring occupiers include the main campus of Leicester De Montfort University and Leicester Royal Infirmary.
Leicester De Montfort University has carried out significant development in the area in recent years to create an attractive, modern campus including student residencies. The University of Leicester is also within walking distance.

Description - The property comprises a part two-storey and part single-storey former factory building most recently used for self-storage. There is also a small basement storage area.
The premises are of solid brick construction built around a steel frame and with flat concrete roofs and concrete floors.
The Planning Permission assumes the demolition of the existing building.

Accommodation - The existing buildings have a gross internal floor area, measured in accordance with the RICS Code of Measuring Practice, of 848.6 sq. m. (9,134 sq. ft.)
The anticipated gross internal floor area of the completed development is 1,456 sq. m. (15,670 sq. ft.)

Tenure - Freehold

Planning - The existing approval is for B8 Warehousing.
Approval was granted on 6th June 2014 for demolition of the existing two-strorey commercial property and the creation of a six-storey block of 24 apartments and 15 car parking spaces.
S106 contributions total £24,647.
The Leicester City Council planning reference is 20132288.

Business Rates - The existing building is not separately assessed for Rating purposes.

Site Area - 0.07 Hectares (0.17 Acres)

Services - All mains services are connected.

Vat - VAT will not be chargeable on this transaction.

Legal Costs - Each party to be responsible for their own legal costs in respect of the transaction.

Energy Performance Certificate - No EPC is required.

Viewing Arrangements - Strictly by arrangement with Andrew Granger & Co.

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