Retail premises for sale

East Park Road, Leicester LE5

Detailed Description

BM Estates are pleased to present this spacious and versatile commercial property located on the highly sought-after East Park Road, Leicester, LE5 4QD. Situated within a busy and well-established parade, the property benefits from excellent visibility, strong passing traffic and a vibrant mix of surrounding independent businesses, making it an ideal opportunity for both investors and owner-occupiers.

The ground floor comprises a prominent retail/office frontage, previously occupied by an estate agency, providing a bright and open main trading area suitable for a variety of commercial uses. To the rear, the property extends into additional office space, offering flexibility for multiple workstations, storage or private offices. From this rear section, there is access to a convenient ground floor WC. Within the office area, a staircase provides access to the first floor.

The first floor offers further well-proportioned accommodation, currently arranged as two separate office rooms. This level also benefits from a kitchen area and a bathroom with shower facilities. The layout lends itself well to continued commercial use or presents excellent potential for conversion into a self-contained residential unit, subject to the necessary planning permissions.

The location is a key selling point, positioned on East Park Road, a popular and bustling area of Leicester known for its diverse range of shops, eateries and local amenities. The property is within close proximity to Leicester City Centre and benefits from easy access to major road links including the A47, as well as regular public transport routes. The surrounding residential neighbourhoods further enhance the appeal, providing a consistent customer base for any business operating from the premises.

This property represents an excellent investment opportunity, with strong potential for dual income. The ground floor commercial unit is estimated to achieve approximately £1,300 per calendar month, while the first floor, subject to conversion into a two-bedroom flat, could generate an estimated £750 per calendar month.

Overall, this is a rare opportunity to acquire a well-located mixed-use property with significant scope to add value. Early viewing is highly recommended to fully appreciate the potential on offer.