A1 Investment Property With Tenanted Shop & Flat [LE13 1EY]

- About
33 Grange Drive is a large, freehold property with business premises within the ground floor and residential accommodation within the first floor. Our client has recently constructed a large self contained extension to the side of the property with A1 planning permission in place for a new business. Both the business accommodation (One Stop shop) and the residential accommodation are fully tenanted. The newly built extension is currently empty - a blank canvas for a new owner to develop as they wish.

The property is offered for sale due to our client's relocation. This presents a number of excellent opportunities for a new investor to enjoy the benefits of this impressive property.


- Premises Details
The property is split into three self contained areas. The ground floor is tenanted on a long term agreement by the owner of this One Stop shop - this is a 25 year agreement which began in 2012 and generates £13,000 per annum. The shop is well presented with large branding and signage displayed on the main frontage. Inside, the large retail space is fitted with counter to the side and storage area with toilet and kitchen to the rear. Please note, the entire One Stop is set over two properties. This purchase is for number 33 only.

The first floor flat is occupied by a private tenant on a six month rolling lease - this generates an additional £6,600 per annum. The flat is accessed from the rear of the property where a private parking space is available for the tenant. The flat comprises of three double bedrooms, family bathroom, fitted kitchen and lounge area.

Our client has recently constructed a large extension to the side of the property for use as an A1 business. This new build is currently unoccupied, and a new owner can design and open a business as desired. It is an ideal space for offices, retail, barbers, hair/beauty salon or similar.


- Summary
This large property is positioned in a sought after residential area and our client has secured reliable, long term tenants. There is scope for a new owner to open a new business within the newly built area or secure another tenant to increase income further. Early viewings are strongly advised.