Property photos
Just added
Freehold
£395,000
(£156.31/sq. ft)
Property for sale
Main Street, Kirby Muxloe, Leicester LE92,527 sq. ft
Local area information
Property location
Nearby amenities
- Kirby Muxloe Primary School 0.2 miles
- Stafford Leys Community Primary School 1.1 miles
- Leicester 4.6 miles
- Narborough 4.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Mixed Use Investment
- Popular Village Location
- Potential Development Opportunity
- Potential to achieve 9% Gross Yield
Readings Property Group are pleased to bring to market a rare opportunity to purchase a freehold investment in the popular village of Kirby Muxloe. The property is producing an annual income of £30,020 and consists of a ground floor retail unit occupied by One Stop Stores Ltd with 5 years remaining on the lease and two flats on the first floor on AST’s. The investment currently offers a gross yield of 7.6% but this could be increased at the upcoming rent reviews to produce a total rental income of approx. £35,000 per annum which increased the gross yield to approx. 9%.
Description & Location
Kirby Muxloe is a popular village in Leicestershire with good links to the motorway network. The property is located on Main Street, which is the heart of the village and the main thoroughfare. This is a mixed-use building with a retail double fronted supermarket on the ground floor and two self-contained flats located on the first floor, accessed from the rear of the property. The building is situated on a large site which has the potential, subject to planning to be developed further.
Opportunity
The property has a ground floor retail unit and two self contained flats to the first floor with separate rear access.
The rental income is as follows:
Ground Floor 26-28: £17,000 pa
26a (One Bed): £5,940 pa
28a (Two Bed): £7,080 pa
Total Existing Rental: £30,020 pa
Estimated Market Rent for Retail Unit: Approx £20,000 pa (Rent Reivew March 2026)
Estimated Market Rent for 28a is £9,000 per annum (Next Review: June 2026)
Total Estimate Market Rent: Approx, £35,000 per annum.
The property is available on a freehold basis at £395,000.
Accommodation
The property is situated on a large site with potential to develop on the rear gardens subject to planning permission.
The retail unit consists of a main shop floor, office, side & rear store and WC facilities.
Total Net Internal Area: 146.1 sqm (1,572 sq.ft)
Flat No.26a consists of a one bedroom flat with a separate kitchen, bathroom and living area.
Total Net Internal Area: 41.5 sqm (446 sq.ft)
Flat No.28a consists of a two-bedroom flat, with a kitchen, bathroom, living room and store.
Total Net Internal Area: 47.6 sqm (509 sq.ft)
Rating
Ground Floor Retail
Rateable value: £17,250
Rates payable 2025/26: Tbc
Prospective tenants are required to confirm rates payable with the local authority and make their own enquiries regarding small business rates relief.
The Two Flats on the First Floor are Assessed to be Council Tax Band A.
Energy Performance
Retail No. 26-28: B (39)
Flat No.26a: E (39)
Flat No.28a: E (46)
Planning
We believe the current planning use of the ground floor would fall under Class E and the first floor as residential.
There is the potential to further develop the site subject to planning permission.
We would advise all interested parties to make their own enquiries and not solely rely on information we have provided
Vat
We understand VAT is not applicable.
Services
Commercial:
Mains Electric & Water
Residential
Mains Electric, Gas & Water.
Legal Costs
Each party to be responsible for their own costs.
Viewings
Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).
Agency Notes
Consumer protection legislation - These letting details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our Details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the prospective tenant for verification. The measurements are carried out in accordance with the RICS and isva code of measuring practice.
Description & Location
Kirby Muxloe is a popular village in Leicestershire with good links to the motorway network. The property is located on Main Street, which is the heart of the village and the main thoroughfare. This is a mixed-use building with a retail double fronted supermarket on the ground floor and two self-contained flats located on the first floor, accessed from the rear of the property. The building is situated on a large site which has the potential, subject to planning to be developed further.
Opportunity
The property has a ground floor retail unit and two self contained flats to the first floor with separate rear access.
The rental income is as follows:
Ground Floor 26-28: £17,000 pa
26a (One Bed): £5,940 pa
28a (Two Bed): £7,080 pa
Total Existing Rental: £30,020 pa
Estimated Market Rent for Retail Unit: Approx £20,000 pa (Rent Reivew March 2026)
Estimated Market Rent for 28a is £9,000 per annum (Next Review: June 2026)
Total Estimate Market Rent: Approx, £35,000 per annum.
The property is available on a freehold basis at £395,000.
Accommodation
The property is situated on a large site with potential to develop on the rear gardens subject to planning permission.
The retail unit consists of a main shop floor, office, side & rear store and WC facilities.
Total Net Internal Area: 146.1 sqm (1,572 sq.ft)
Flat No.26a consists of a one bedroom flat with a separate kitchen, bathroom and living area.
Total Net Internal Area: 41.5 sqm (446 sq.ft)
Flat No.28a consists of a two-bedroom flat, with a kitchen, bathroom, living room and store.
Total Net Internal Area: 47.6 sqm (509 sq.ft)
Rating
Ground Floor Retail
Rateable value: £17,250
Rates payable 2025/26: Tbc
Prospective tenants are required to confirm rates payable with the local authority and make their own enquiries regarding small business rates relief.
The Two Flats on the First Floor are Assessed to be Council Tax Band A.
Energy Performance
Retail No. 26-28: B (39)
Flat No.26a: E (39)
Flat No.28a: E (46)
Planning
We believe the current planning use of the ground floor would fall under Class E and the first floor as residential.
There is the potential to further develop the site subject to planning permission.
We would advise all interested parties to make their own enquiries and not solely rely on information we have provided
Vat
We understand VAT is not applicable.
Services
Commercial:
Mains Electric & Water
Residential
Mains Electric, Gas & Water.
Legal Costs
Each party to be responsible for their own costs.
Viewings
Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).
Agency Notes
Consumer protection legislation - These letting details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our Details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the prospective tenant for verification. The measurements are carried out in accordance with the RICS and isva code of measuring practice.
More information
Listed by
Readings Property Group Ltd
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Readings Property Group Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Readings Property Group Ltd for full details and further information.