31,33 & 35 Long Street, Wigston, Leicestershire, LE18 2BP

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 3RD DECEMBER 2025 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

MIXED USE INVESTMENT OPPORTUNITY: A FREEHOLD PROPERTY COMPRISING TWO COMMERCIAL SHOPS WITH FIVE FLATS ABOVE AND CAR PARK TO THE REAR
A freehold investment opportunity situated on Long Street, right in the heart of Wigston town centre. This substantial property offers a total secure rental income of £72,000 per annum. There is excellent residential accommodation, commercial presence, and exciting scope for future development.
This is a unique opportunity to acquire a substantial freehold block in a thriving town centre location, offering a healthy current rental income with clear scope for further uplift through development. It is considered that with its combination of commercial and residential elements, on-site parking, and attractive long-term growth potential, this property represents an outstanding investment.
The property currently comprises two established commercial units and five flats
Shops:
Number 31: 128 sq m (1,378 sq ft)
Number 33: 116 sq m (1,249 sq ft)

Flats:
Flat 1: 56 sq m (603 sq ft) - Two bedrooms
Flat 2: 62 sq m (667 sq ft) - Two Bedrooms
Flat 3: 52 sq m (560 sq ft) - One bedroom
Flat 4: 52 sq m (560 sq ft) - One bedroom
Flat 5: 50 sq m (538 sq ft) - One bedroom

The flats are well-presented, modern, and provide comfortable living spaces, making them highly desirable for tenants. Demand in this central Wigston location is strong, ensuring low void periods and consistent returns.
Externally, the property is further enhanced by a good-sized private car park to the rear, providing ample parking for both the commercial tenants and residents. Additional side parking and a large open garage add further convenience and appeal, particularly for tenants with multiple vehicles.
The five flats are let on tenancy agreements producing a combined income of £49,800 PA
The shops are let on leases producing a combined income of £22,200 PA
The total income for the building is £71,199.96 per annum.



Planning permission has been granted for 'four 'roof-top' apartments and hard landscaped roof garden in second floor additional storey development; and the re-rendering of full external facade. Proposed plan below.
Details on this planning application can be found on the Oadby and Wigston Borough Council website under the reference 21/00477/FUL
Flat 1 - C
Flat 2 - C
Flat 3 - C
Flat 4 - C
Flat 5 - C
Commercial Unit 31 Long Street - C
Commercial Unit 33 Long Street - D