Block of Apartments for sale

The Shoe Factory, 49 Abbey Park Road, Leicester, LE4 5ET

Under Offer £5,000,000

Property Description

Key features

  • Comprising 44 apartments (18 x one bed, 18 x two bed, 8 x two bed duplex penthouses)
  • Vacant derelict industrial unit on site extending to approx. 0.21 ha (0.52 acres)
  • Secure underground and off-street parking for approx. 58 vehicles
  • 40 flats let subject to Assured Shorthold Tenancies
  • Four flats are currently vacant
  • Total Current Rent Reserved: 365,640 per annum
  • Estimated Rental Value: 403,800 per annum
  • Attractive rental and break up opportunity with additional development potential

Full description

Tenure: Freehold

The property is arranged in two parts, a residential block to the south and a vacant industrial unit and site to the north which measures approximately 0.21 hectares (0.52 acres).

The southern section comprises a residential block recently converted from a former shoe factory arranged over lower ground, ground and four upper floors. The lower ground floor provides secure off street parking for 51 vehicles, two of which are disabled spaces. Additional ground floor off street car parking is available to the rear of the property for approximately seven vehicles.

44 apartments (18 x one bedroom, 18 x two bedroom and 8 x two bedroom duplex penthouses) are arranged over ground to fourth floors. Each floor is serviced by a lift and a number of apartments benefit from balconies and terraces.

The northern section comprises a vacant industrial unit with two out buildings all of which are in a derelict condition.

More information from this agent

Listing History

Added on Rightmove:
18 July 2016

Nearest stations

  • Leicester (1.2 mi)
  • Syston (3.8 mi)
  • South Wigston (4.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Allsop , Residential Investment and Development

33 Wigmore Street, London, W1U 1BZ

020 8012 6229 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Leicester (1.2 mi)
  • Syston (3.8 mi)
  • South Wigston (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Allsop , Residential Investment and Development

33 Wigmore Street, London, W1U 1BZ

020 8012 6229 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference Shoe_Factory_Leicester. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Residential Investment and Development . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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