Lawnwood Road, Groby
£275,000
£205.22 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,340 sq ft
124 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold Investment Opportunity
- Self Contained Residential Accommodation
- Popular Location
- Vacant Possesion or Part Let back to Landlord
Description
Readings Property Group are pleased to bring to market the opportunity to purchase a freehold property with the potential to create an investment at an estimated rental income of approx. £20,000 per annum. The property owner currently operates a Dog Grooming business, and is willing to continue as a tenant by signing a new long term lease at a rental of £9,600 per annum for the ground floor retail. There is a self contained two bedroom apartment arranged over the ground and first floor which is estimated to let at £850 pcm (£10,200 per annum).
Description & Location - The subject property is located in a small parade of shops on Lawnwood Road in Groby. Lawnwood Road is located just off the main high street within Groby which is located just off the A46 Trunk Road and approximately 4 miles from Junction 22 of the M1 Motorway.
The property consists of a ground floor retail space which is occupied by a Dog Grooming business. To the rear of the shop is a lounge, kitchen and WC facilities. The ground and first floor accommodates two bedrooms, a bathroom and stairs that lead to a loft room. .
Opportunity & Terms - The owner currently operates the Dog Grooming business and lives in the residential apartment. The property has a ground floor retail unit and a self-contained two bedroom apartment to the ground and first floor with separate rear access. The owner is willing to sign a long-term lease to continue trading in the retail unit at a rental of £9,600 per annum, We would expect the apartment to achieve approx. £850 per calendar month (£10,200 per annum). This equates to a total rental income of approx. £20,000 per annum.
The property is available on a freehold basis at £275,000
Accommodation - Ground Floor (No 13)
Main Shop Floor: 30.1 sqm (323 sqft)
Rear Garage/Outbuilding: 14.5 sqm (156 sqft)
WC facilities available.
Total Retail Space: 44.6 sqm (480 sqft)
Ground & First Floor Residential (No. 13a)
Bedroom One: 3.3m x 3.6m
Bedroom Two: 3.3m x 4.5m
Bathroom: 1.8m x 2.0m
Kitchen: 5.8m x 2.4m
Living Room: 4.2m x 2.5m
+2.1m x 2.7m
Total Residential Space: 79.7 sqm (857 sqft)
Rating - Ground Floor Retail
Rateable value: £5,500
Rates payable 2025/26: TBC
Prospective tenants are required to confirm rates payable with the local authority and make their own enquiries regarding small business rates relief.
The Residential is assessed to be Council Tax Band A.
Energy Performance - Commercial (No.13): TBC
Residential (No.13a): TBC
Planning - Taking in to consideration the previous user, we believe the current planning use of the ground floor would fall under Class E and the first floor as residential.
We would advise all interested parties to make their own enquiries and not solely rely on information we have provided
Vat - We understand VAT is not applicable.
Services - Mains Water, Gas & Electric are available
Legal Costs - Each party to be responsible for their own costs.
Viewings - Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).
Agents Notes - CONSUMER PROTECTION LEGISLATION - These letting details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our Details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the prospective tenant for verification. The measurements are carried out in accordance with the RICS and ISVA code of measuring practice.
Description & Location - The subject property is located in a small parade of shops on Lawnwood Road in Groby. Lawnwood Road is located just off the main high street within Groby which is located just off the A46 Trunk Road and approximately 4 miles from Junction 22 of the M1 Motorway.
The property consists of a ground floor retail space which is occupied by a Dog Grooming business. To the rear of the shop is a lounge, kitchen and WC facilities. The ground and first floor accommodates two bedrooms, a bathroom and stairs that lead to a loft room. .
Opportunity & Terms - The owner currently operates the Dog Grooming business and lives in the residential apartment. The property has a ground floor retail unit and a self-contained two bedroom apartment to the ground and first floor with separate rear access. The owner is willing to sign a long-term lease to continue trading in the retail unit at a rental of £9,600 per annum, We would expect the apartment to achieve approx. £850 per calendar month (£10,200 per annum). This equates to a total rental income of approx. £20,000 per annum.
The property is available on a freehold basis at £275,000
Accommodation - Ground Floor (No 13)
Main Shop Floor: 30.1 sqm (323 sqft)
Rear Garage/Outbuilding: 14.5 sqm (156 sqft)
WC facilities available.
Total Retail Space: 44.6 sqm (480 sqft)
Ground & First Floor Residential (No. 13a)
Bedroom One: 3.3m x 3.6m
Bedroom Two: 3.3m x 4.5m
Bathroom: 1.8m x 2.0m
Kitchen: 5.8m x 2.4m
Living Room: 4.2m x 2.5m
+2.1m x 2.7m
Total Residential Space: 79.7 sqm (857 sqft)
Rating - Ground Floor Retail
Rateable value: £5,500
Rates payable 2025/26: TBC
Prospective tenants are required to confirm rates payable with the local authority and make their own enquiries regarding small business rates relief.
The Residential is assessed to be Council Tax Band A.
Energy Performance - Commercial (No.13): TBC
Residential (No.13a): TBC
Planning - Taking in to consideration the previous user, we believe the current planning use of the ground floor would fall under Class E and the first floor as residential.
We would advise all interested parties to make their own enquiries and not solely rely on information we have provided
Vat - We understand VAT is not applicable.
Services - Mains Water, Gas & Electric are available
Legal Costs - Each party to be responsible for their own costs.
Viewings - Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).
Agents Notes - CONSUMER PROTECTION LEGISLATION - These letting details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our Details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the prospective tenant for verification. The measurements are carried out in accordance with the RICS and ISVA code of measuring practice.
Brochures
Lawnwood Road, Groby
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station5.0 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 34213842. 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 Readings Property Group, 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.
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