Market Street, Leicester City Centre

Location

This property is situated within a busy parade of shops on Market Street, which is off Millstone Lane and Horsefair Street in Leicester City Centre. The property is in close proximity to Leicester Railway Station, Highcross Shopping Centre, both of Leicester's Universities and benefits from excellent passing trade and high footfall.

Description

A 3-storey character building conveniently located within a busy parade of shops in Leicester City Centre. The ground floor comprises; retail area of approximately 1,361 sqft (127 sqm) with a kitchen and shower room to the rear, and a basement with ample storage which can also be used as an additional retail area. The retail unit will be sold with vacant possession. The upper floors comprise 3 fully let studio flats with separate access via Pocklington's Walk.

Accommodation

All measurements are approximate:

Ground Floor:
Retail Unit - Sales area, store, kitchen, shower room, basement. Approx. 1,361 sqft (127 sqm)
EPC: Rating 32, Band D.
AST: Vacant
Rent £ Pax: ERV: £19,000

Upper Floors
Flat 1: Studio flat with ensuite shower room. Approx. 182 sqft (17 sqm)
EPC: Rating 80, Band C
AST: 6 months from 08.07.2024
Rent £ PAX: £4,470

Flat 2: Entrance hall, lounge/bedroom, kitchen, shower room. Approx. 355 sqft (33 sqm)
EPC: Rating 77, Band C
AST: 6 months from 01.06.2023
Rent £ PAX: £6,600

Flat 3: Studio flat with ensuite shower room. Approx. 473 sqft (44 sqm)
EPC: Rating 70, Band C
AST: 6 months from 08.06.2024
Rent £ PAX: £7,200

Current Rental Income

£18,540 per annum exclusive.

Estimated Rental Value

£37,540 per annum exclusive.

Tenure

Freehold, subject to existing tenancies.

Services

The services, fittings and appliances (if any) have not been tested by the agents.

Local Authority

Leicester City Council.

Viewings

Kal Sangra, Shonki Brothers Ltd
85 Granby Street, Leicester, LE1 6FB
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