57 High Street, Kegworth, DE74 2DA
- PROPERTY TYPE
Serviced Apartments
- BEDROOMS
6
- SIZE
2,342 sq ft
218 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- NEWLY RENOVATED TO A HIGH STANDARD
- INCOME PRODUCING INVESTMENT
- 6 APARTMENTS
Description
The subject property is located on High Street in Kegworth, a well-connected village within North West Leicestershire.
Kegworth benefits from excellent transport links, being just minutes from the M1 motorway at Junction 24 and within close proximity to East Midlands Airport. The village provides a range of local amenities, including shops, cafes, and public services. Its central position in the East Midlands makes it an attractive location for residential and investment opportunities. Nearby occupiers include independent retailers, eateries, and professional services.
DESCRIPTION
The subject property comprises a two-storey linkdetached building of traditional brick construction beneath a combination of pitched slate and pan-tiled roof coverings. Internally, the property is currently configured as six apartments that are currently being let as short-term lettings, details of which are avaliable upon request. The property benefits from a prominent frontage onto the High Street, where car parking is avaliable in close proximity to the property.
BUSINESS RATES
Budget figures are available from the Agents.
For further information on Rates Payable and Small Business Rates Relief contact North West Leicestershire District Council.
PLANNING
The property has planning consent for Serviced Apartments under 18/101053/FUL.
Interested parties should satisfy themselves that the use of the building is sufficient to their purposes.
For further information, please contact North West Leicestershire District Council.
TERMS
The premises are available to purchase as an income producing investment.
PRICE
£850,000 (Eight Hundred and Fifty Thousand Pounds)
SERVICED ACCOMMODATION
The property is currently run as serviced accommodation generating the following annual income.
A more detailed breakdown is available upon request
31/12/2022
Turnover: £147,972
Gross Profit: £119,919
Operating Profit: £99,279
31/12/2023
Turnover: £158,561
Gross Profit: £111,043
Operating Profit: £96,975
31/12/2024
Turnover: £125,333
Gross Profit: £89,177
Operating Profit: £71,934
EPC (ENERGY PERFORMANCE CERTIFICATES)
A copy of the existing building's Energy Performance Certificate can be obtained from the Agents.
SERVICES
We understand that mains electricity, gas, water and drainage are connected to the premises.
However, we recommend that interested parties contact the relevant service providers to confirm this.
VAT
Prices are quoted exclusive of Value Added Tax (VAT).
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this transaction.
VIEWING
Strictly by prior appointment with the Sole Agents Musson Liggins Ltd.
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
57 High Street, Kegworth, DE74 2DA
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Visit our security centre to find out moreDisclaimer - Property reference 57HighStreetKegworth. 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 Musson Liggins Limited, Nottingham. 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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