Retail premises for sale in Humberstone Gate, Leicester, Leicestershire LE1
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Property features
- Located within the Cultural Quarter
- High specification student accommodation with two ground floor restaurants
- Current net rental income: £149,272 per annum
- Purchase price £2m to show a gross yield of 7.46%.
Property description
The property comprises an attractive four storey corner building of solid brick construction beneath a pitched tiled roof supported on timber queen post trusses. The Humberstone Gate elevation comprises two double glazed shop fronts at ground level whilst the upper floors comprise ornate double glazed windows throughout. On the Rutland Street frontage there is a three-storey extension with vehicular access through the ground floor and being of brick construction under a flat felted roof.
Internally, the property is laid out to provide two retail units on the ground floor that are currently let. The upper floors have recently been converted to provide high end student residential accommodation to include 1 x 6 bed cluster and 2 x 8 bed cluster flats, all with en-suites.
The vehicular access way from Rutland Street leads to two steel fire escape staircases and also provides loading facilities to the rear of the retail units.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Innes England, LE1 on +44 116 484 6470 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Innes England, and do not constitute property particulars. Please contact Innes England for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.