£1,600,000
Block of flats for saleLondon Road, Leicester LE2
- Freehold
Aspire Group
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About this property
Prime Location
Corner Unit, facing London Road and De Montfort Street
Close to train station
The property consists of a four storey building, with a ground floor commercial unit with a current usage classification of :
A1 Shops - Shops, retail warehouses, hairdressers, undertakers, travel and ticket agencies, post offices, pet shops, sandwich bars, showrooms, domestic hire shops, dry cleaners, funeral directors and internet cafes.
And
B1 Business - Offices (other than those that fall within A2), research and development of products and processes, light industry appropriate in a residential area.
The building occupies a corner plot, with a double frontage looking onto London Road and De Montfort Street. The ground floor unit is currently a solicitors firm.
The building sits in close proximity to the University of Leicester, the train station, local businesses and the city centre. The upper floors are luxury apartments, which are currently rented through a company let.
Student Income of £68,200 pa.
Commercial unit income - £16,000 pa
Combined gross of - £84,000 pa
Gross Yield Over - 5%
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