119 Kirby Rd 569 SF 100% Leased Retail Building Leicester LE3 6BE £280,000 (£492.09/SF) 8.57% Net Initial Yield
INVESTMENT HIGHLIGHTS
- This property features a fully-equipped ground floor fish and chip shop, or adaptable for conversion into any other takeaway
- Conveniently located, the property benefits from significant foot traffic, excellent visibility, and proximity to local amenities
- The upper floors include a spacious 3-bedroom duplex flat, currently in need of modernisation, offering great potential for renovation
EXECUTIVE SUMMARY
Commercial investment opportunity on the market for £280,000. With a projected rental income of £24,000 per annum, this investment property offers an attractive Return on Investment (ROI) of approximately 8.5% per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
569 SF
Year Built
1900
Price
£280,000
Price Per SF
£492.09
Net Initial Yield
8.57%
NOI
£24,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.49
Lot Size
0.03 AC
Frontage
20 ft on Kirby Rd
AMENITIES
- Restaurant
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Hassan Zaveri - Zavsons
