Welford Road, Leicester

LOCATION
The property occupies a prominent position on the A5199 Welford Road, one of Leicester's established arterial routes.

It forms part of an established parade of retail and commercial premises, with surrounding residential areas providing a strong local catchment.

The location provides convenient access to Leicester City Centre and the wider road network.

DESCRIPTION
A freehold mixed-use investment opportunity, prominently situated on Welford Road, Leicester.

The property comprises a mid-terrace building arranged as a ground floor hot food takeaway with a self-contained one-bedroom residential flat across the first floor.

The ground floor commercial premises are occupied by an established tenant and have been substantially renovated and fitted out by the current occupier.

The first-floor flat is currently vacant and will be sold with vacant possession, providing an incoming purchaser with the opportunity to immediately re-let the accommodation and maximise the overall investment income.

KEY FEATURES

- Freehold mixed-use investment opportunity
- Guide price £270,000
- Ground floor hot food takeaway
- Self-contained one-bedroom flat above
- Commercial premises currently occupied
- Current passing rent: £1,050 pcm exclusive
- New commercial lease to be agreed at £13,800 per annum exclusive
- First-floor flat sold with vacant possession
- Flat ERV: £650 - £700 pcm
- Potential combined rental income: £21,600 - £22,200 per annum
- Potential gross yield: 8.00% - 8.22%
- Established retail location on Welford Road
- Residential accommodation benefits from a newly installed kitchen

ACCOMMODATION
Ground Floor - Hot Food Takeaway

The ground floor is arranged as a hot food takeaway comprising sales/customer area, preparation space, kitchen and ancillary storage accommodation.

Approx. 559 sq. ft

The commercial premises have been substantially renovated and fitted out by the current tenant.

Please note: All trade fixtures, fittings, equipment, machinery and other items installed or owned by the occupying tenant are excluded from the freehold sale unless otherwise confirmed in writing.

First Floor - One-Bedroom Flat

The first floor provides a self-contained one-bedroom residential flat accessed via a staircase to the rear of the property.

The accommodation extends across the first floor and has been neutrally decorated throughout, with a new kitchen recently installed.

Approx. 462 sq. ft

SERVICES
The ground floor takeaway and residential apartment both benefit from the supply of Gas, Electric and Water services and are both metered separately.

TERMS
The property is offered for sale FREEHOLD and subject to the existing ground floor commercial occupation and with vacant possession of the first-floor residential flat upon completion.

We have been instructed to seek offers in the region of £270,000 for the freehold interest subject to the existing lease in place. All potential buyers will be asked for proof of funds in the early stages and will be required to satisfy AML checks.

VAT
VAT is not applicable.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in connection with the transaction.

OTHER
These particulars are provided in good faith as a general guide only and do not form part of any offer or contract. Interested parties must satisfy themselves as to the accuracy of all information provided by inspection, survey, legal due diligence and independent enquiry.

Any areas, measurements, rental values, estimated rental values, yields and financial information stated within these particulars are approximate and provided for guidance only.

Reign Real Estate gives no representation, guarantee or warranty in relation to the premises, the condition of the property, the existing or proposed tenancy arrangements, rental values or future investment performance.

Prospective purchasers should obtain independent legal, financial, tax and property advice before entering into any transaction.

HEALTH & SAFETY

All parties inspecting the property do so at their own risk and should exercise appropriate care and diligence while on the premises. Reign Real Estate cannot warrant that the property is free from hazards and accepts no liability for injury or loss arising during an inspection.

VIEWING
Strictly by prior appointment through the sole agents, Reign Real Estate.