157 London Road, Leicester, LE2 1EG
- PROPERTY TYPE
Mixed Use
- SIZE
3,670 sq ft
341 sq m
Key features
- COMMERCIAL / RESIDENTIAL INVESTMENT
- GUIDE PRICE: £475,000 - £485,000
Description
Location:
The property is located within a conservation area on the corner of Salisbury Avenue which is near to the junction of Evington Road and Granville Road. The property is within walking distance of Victoria Park, University of Leicester, the train station and city centre.
Description:
A substantial 4 storey corner property with basement of approximately 3,669 sqft. The ground and first floors are occupied by a hair salon, with 3 flats over second and third floors and 3 rear parking spaces.
Tenure
Freehold, subject to existing lease and tenancies.
Solicitors
Salusbury Harding & Barlow, 1 Berridge Street, Leicester LE1 5JT
Tel: ~ Ref: J Dunbar
Accommodation
| FLOOR / FLAT | ACCOMMODATION | SQFT (SQM) | EPC | LEASE / TENANCY | RENT £ PAX | |
| Cellar | 2 rooms | |||||
| G/F | Salon, kitchen | 1,450 (135) | 40, B | New 10 year IRI lease plus service charge from 06.02.2026 | 22,000 | |
| Half Landing | WC | |||||
| F/F | 3 offices, kitchen, WC | 870 (80.7) | ||||
| 2/F - Flat 3 | Large lounge, bedroom, kitchen, bathroom | 677 (62.8) | 83, B | 12 months AST from 01.06.2025 | 5,400 | |
| 3/F - Flat 1 | Lounge/bedroom, kitchen, bathroom | 400 (37.2) | 78, C | 12 months AST from 01.08.2022 | 5,400 | |
| 3/F - Flat 2 | Lounge/bedroom, kitchen, bathroom | 272 (25.7) | 76, C | 12 months AST from 24.02.2026 | 6,600 | |
| Outside | 3 car parking spaces for the salon | |||||
| Current Rental Income | 39,400 | |||||
| Estimated Rental Value | 42,400 |
Brochures
Legal Documents157 London Road, Leicester, LE2 1EG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station0.4 miles
- South Wigston Station3.2 miles
- Syston Station4.9 miles
Notes
Disclaimer - Property reference 346867. 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.”