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Ivanhoe House, 41a Ivanhoe Street, Newfoundpool, Leicester, Leicestershire

£942,000

£280.27 per sq ft

Business rates & charges may apply

Innes England Ltd, Leicester
SIZE AVAILABLE

3,361 sq ft

312 sq m

SECTOR

Commercial property for sale

Key features

  • Configured to provide 8 self-contained flats
  • Redeveloped during 2023, providing high quality accommodation
  • Fully let, producing a gross income of £66,000 per annum
  • Purchase price: £942,000 which reflects a gross yield of 7.0%
  • Situated in a popular residential area

Description

The Investment property comprises an attractive part two-storey and part three-storey building which was extended and comprehensively redeveloped during 2023 to provide 8 self contained residential apartments, arranged as:

3 x studios
4 x 1 bed flats
1 x 2 bed flat

The original building is of solid brick construction beneath a pitched roof with a dormer projection to the rear elevation, clad with PVC and under a flat felt roof. Whilst the modern extension is of cavity brick construction beneath a pitched roof, encompassing dormer windows to the front and rear elevations. All of the windows in the premises have been fitted with UPVC double glazed units.

Internally, the accommodation has been finished to a high standard throughout with each flat having; painted plastered walls and ceilings, laminate floor coverings, modern kitchen units with integrated hob and oven, together with shower rooms, incorporating an electric shower, WC and a wash hand basin, set within a vanity unit. Heating within each flat is facilitated by way of wall mounted electric heaters.

To the rear of the site there is a brick paved courtyard area, accessed via a central under croft on which there are a number of garages/storage units.

Brochures

Ivanhoe House, 41a Ivanhoe Street, Newfoundpool, Leicester, Leicestershire

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leicester Station1.5 miles
  • South Wigston Station4.1 miles
  • Syston Station4.8 miles

About Innes England Ltd, Leicester

Peat House 1 Waterloo Way Leicester LE1 6LP

Innes England commercial property agency has offices in Nottingham, Derby and Leicester.

The region's leading commercial property agency managing sales, lettings, investments, disposals and acquisitions of all commercial property including office, retail and industrial. Expert teams provide additional asset management, consultancy, professional services and building consultancy.

Leicester Office

Innes England works with clients across the UK, with a special focus on the East Midlands. As the most active agent in the East Midlands for ten consecutive years*, this means we put more of our energy into driving results for our clients than any other agent in the region.

We are the only commercial property consultancy to have offices in Derby, Leicester and Nottingham, giving us an unrivalled local knowledge which allows us to offer relevant, tailored and well-informed advice to our clients.

Our extensive team provides expertise spanning the entire commercial property spectrum with surveyors, retail specialists and property asset management professionals backed up by a highly capable support team. Our shareholding directors take a hands-on approach, working in the business on a day-to-day basis and offering their experience and know-how to clients' projects.

We have a proven track record of delivering real results, and have worked with an enviable client list on countless successful projects, always with a focus on finding a commercial, viable solution, reducing risk and maximising value.

Innes England offers services in:

Acquisitions, disposals and lettings

Land sales and commercial development

Property asset management

Investment services

Business rates, lease consultancy and valuation

Building consultancy

Energy consultancy and Energy Performance Certificates (EPCs)

Derby Office

https://www.rightmove.co.uk/estate-agents/agent/Innes-England-Ltd/Derby-88900.html

Nottingham Office

https://www.rightmove.co.uk/estate-agents/agent/Innes-England-Ltd/Nottingham-89794.html

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 8687FH. 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 Innes England Ltd, Leicester. 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.

Map data ©OpenStreetMap contributors.

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