Nest Seekers International Estate Agent in W1J 9EH

Customise your message

I am inquiring about...

My message

Take me to generate an intelligence report after this

New profile details

I agree to the terms and conditions.

Send message to agent

Message agent

020 7190 9737

Get full report

Back to search: Leicester or Bede Street

Instantly find listings for sale in your area

Modern 5 bed Not Specified property

Available

For Sale

Listed May 25, 2024

Save Leicester area

Save listing

Manage library Close

Back to page

Back to photos View full size

◀

▶

1 / 1

£1,349,999

Available

Mouseprice is the only UK property site with a Value Guide. We have compared the asking price to our own Mouseprice valuation to help you make an informed decision when buying or renting your next property.

Excellent value

Good value

Market price

Below average value

Maybe overpriced

The Mouseprice Value Guide tells you how the asking price of a property compares to the market price of other properties with similar attributes including property type, location and floor area. Note that some aspects of a property are not considered by the Value Guide such as the condition and home improvements so it is important you do your own research.

Value guide

What's this

Make inquiry

020 7190 9737

By Nest Seekers International

Description

Discover this amazing opportunity to acquire well established and renowned four storey freehold mixed residential and commercial building with five tenanted apartments located in the heart of Leicester‘s West End, 400 metres from De Montfort University, 800 metres from Leicester University, and only 100 metres from Halls of Residence.?The building has been the subject of extensive improvement and refurbishment by the current owners during several years of ownership, notably including the addition of the letting accommodation and the installation of a whole new aesthetic in the commercial space.?

Scope To Improve

Refurbish the apartments to give them a more modern aesthetic. This could easily add tremendous value.?

?Given the close proximity of the university, converting the apartments into co habitable living spaces could readily raise the rent.

Potential to split the commercial space into 3 units.?

Apartments

All five?apartments are rented out on an assured shorthold tenancy. All flats are accessed through a separate entrance next to the ground floor commercial unit.?All apartments are on 125 year leases that were granted in July, with a total income of £40,500.00 per annum.?Freehold ground rents from the five?one bedroom apartments and the?commercial unit are £1,250.00?pa.?The huge 10ft ceilings are one of the apartments‘ most striking features.

Commercial

A prime location commercial unit is currently rented to Dog House Group Limited t a Crafty Dog Leicester for the past 5 years. The existing owners are happy to sign a new 15 year lease at £57,600.00 per year.

Location

The building occupies a prominent and highly visible and elevated landmark trading position, adjacent to one of the largest supermarkets in Leicester, close to the M1, Leicester city centre and Leicester train station. Set in the heart of Leicester‘s west end, the property also?benefits from being on the doorstep of all prime student bars, restaurants and accommodations.?

Braunstone is currently undergoing an amazing regeneration scheme intended to enhance its vibrant?feel.?By reducing several parking spots along the street, it will give more emphasis to cyclists and pedestrians by limiting car access, closing the road to unnecessary traffic during peak hours, and providing broader pavement areas for visitors to the area‘s shops, cafes, and bars.?According to the designs, it will resemble a mini Holland.