118 Charles Street, Leicester, LE1 1LB
- PROPERTY TYPE
Commercial Development
- SIZE
8,785 sq ft
816 sq m
Key features
- COMMERCIAL INVESTMENT
- Freehold, subject to existing leases. All leases are excluded from The Landlord & Tenant Act 1954. All leases are on an IRI basis.
- GUIDE PRICE: £700,000 - £725,000
Description
Location:
The property is located in St Georges conservation area within the city centre near to the junction of Rutland Street, Cultural Quarter
and Curve Theatre.
Description:
A large 3 storey commercial property of approximately 8,785 sqft
(816 sqm) with basement, garage and 2 car parking spaces on a site area of 226 sqm. The property has gas central heating, large floor to ceiling windows on all sides of the building and rear loading.
Planning
Potential for change of use to residential of the first and second floors and a roof extension subject to planning permission.
We have been advised by the Sellers that a positive response has been received following a pre-application submission for residential use and the addition of three further storeys. Supporting written advice and drawings are available for review.
Local Authority: Leicester City .
Tenure
Freehold, subject to existing leases.
All leases are excluded from The Landlord & Tenant Act 1954.
All leases are on an IRI basis.
Solicitors
Salusbury Harding & Barlow, 1 Berridge Street, Leicester LE1 5JT
Tel: ~ Ref: C Gooch
AccommodationAccommodation & Leases:
| FLOOR | USE | ACCOMMODATION | SQFT (SQM) | EPC | LEASE | RENT £ PAX |
| Basement | Storage, boiler and meter cupboard | |||||
| Ground | Fitness Studio | Gymnasium | 3,113 (291) | 55, C | 6 years from 25.07.2023 with tenant break option on 25.07.2027 | 35,000 |
| First | Podcast Studio | Studio, kitchenette, WC | 2,826 (262) | 67, C | 3 years from 14.04.2025 | 20,000 |
| Second | Community Use | Hall, kitchenette, WC | 2,826 (262) | 74, C | 3 years from 01.05.2025 with Landlord or Tenant break option with 3 months notice | 9,600 |
| Outside | Shutter rear access to 2 car parking spaces, garage and access to basement | |||||
| Current Rental Income | 64,600 |
Brochures
Legal Documents118 Charles Street, Leicester, LE1 1LB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station0.2 miles
- South Wigston Station3.6 miles
- Syston Station4.6 miles
Notes
Disclaimer - Property reference 314372. 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 Kal Sangra Shonki Brothers, Leicester - Auctions. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Kal Sangra Shonki Brothers, Leicester - Auctions on 0116 216 5653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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