Commercial Property for sale

30-32 Granby Street, Leicester, Leicestershire, LE1

£3,250,000
23,181 sq. ft.

Property Description

Commercial information

  • 23,181 sq ft (2,153 sq m)

Full description

STUDENT LET INVESTMENT WITH GROUND FLOOR COMMERCIAL ELEMENT

Investment Summary

- Established commercial location of Granby Street.
- 5 minutes walk from Leicester Railway Station.
- Freehold.
- Conversion of upper floors to 27 flats, fully let to students.
- Ground floor commercial unit let to World Street Cafe Bar Ltd at a rent of £45,000 pa.
- Student income of £4,820 per week which equates to £231,600 for a full academic year.
- Combined gross ERV of £276,360 pa.
- Offers are invited in the region of £3,250,000 (Three Million, Two Hundred and Fifty Thousand Pounds) for the
freehold interest, subject to contract. This reflects a gross yield on gross ERV of 8.50%.

The property comprises a 5 storey building with ground floor commercial unit and four upper floors which have recently been converted to residential.

The building encompasses an original period frontage with an L-shaped extension to the rear built in circa 1960.

The ground floor is let to a restaurant and the upper floors have been converted into 27 residential units (mixture of studios, 1 beds, 2 beds and 3 beds) with separate ground floor access off Granby Street.

With close proximity to both of the city's universities, the upper floors have been fully pre-let to students for the 2018/19 academic year.


More information from this agent

Nearest stations

  • Leicester (0.3 mi)
  • South Wigston (3.6 mi)
  • Syston (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lambert Smith Hampton, Birmingham

Interchange Place Edmund Street, Birmingham, B3 2TA

0121 396 0118 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 (0.3 mi)
  • South Wigston (3.6 mi)
  • Syston (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lambert Smith Hampton, Birmingham

Interchange Place Edmund Street, Birmingham, B3 2TA

0121 396 0118 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.

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