78-82 The Parade, Oadby, Leicester, LE2 5BF

A multi-income-producing retail investment situated to the northern part of The Parade in Oadby town centre, an affluent suburban location in south-east Leicester.

To the ground floor, four retail units which form part of a larger terrace along The Parade in Oadby, a popular suburban shopping precinct. Above, dual multi-storey buildings which have been converted into 18 residential flats, each sold off on individual long-leaseholds producing an annual ground rent, with common area repairs accounted for within an apportionment-based service charge.

Each retail unit is self-contained in the entirety to include individual service provisions in place, with glazed shop-fronts onto The Parade. Internally, predominantly open-plan sales areas made up of mostly rectangular proportions, in addition to self-contained staff ancillary areas with delivery access available to the rear. From left to right, the units operate as a convenience store & off-licence, estate agency, beauty salon, and hairdressing salon.

A sizeable rear yard is included within the title, accessible via Sandhurst Street to the west and comprising of 22 car parking spaces, circulation areas for deliveries to the retail units, and dedicated bike and bin stores. Access to the flats is provided via a self-contained entrance to the rear.

We measure the total site area to approximately 0.4 acres. Of the 22 car parking spaces included, 5 are occupied on licence agreements (averaging £800 per space), with 17 remaining vacant, offering opportunity to generate additional income.

Municipal parking is available via the Sandhurst Street car park to the south-west and via the East Street car park to the east.