109 London Rd | Leicester LE2 0PF
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109 London Rd
Leicester LE2 0PF
Retail Property For Sale
Investment Highlights
- Popular high profile location close to Leicester Train Station and University of Leicester
- Purchase price subject to the occupational tenancies - £625,000
- Fully let producing a current aggregate income of £41,360 per annum
Executive Summary
The freehold interest is for sale, subject to the following occupational tenancies: The ground floor retail premises with associated first floor studio is let to Sannyou Limited by way of a 5 year lease that was granted from 1st October 2020. The current passing rental is £17,000 per annum. The 4 separate studio flats are let to private individuals by way of Assured Shorthold Tenancy Agreements ranging between 6-24 months. The current passing rents being paid range between £485 pcm - £550 pcm, producing an aggregate rental for this element of £24,360 per annum. The rents being paid are exclusive of all utility bills and council tax. Copies of the respective tenancy agreements are available upon request from the agents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
962 SF
Building Class
B
Year Built
1910
Price
£625,000
Price Per SF
£650
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Frontage
24 ft on London Rd
Amenities
- Bus Route
- Security System
1 of 2
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