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16 Granby St
1,827 SF Retail Unit Offered at £400,000 in Leicester LE1 1DE
Investment Highlights
- Retail unit let to Robinsons Jewellers
- Good public transports links
- City Centre location
Executive Summary
The property is a mid-terraced property of brick construction under a slate roof with a wooden shop front and metal windows to the upper floors. The ground floor is used as a Jeweller’s Showroom and Offices. The premises are located on Granby Street close to its junction with Halford Street in the City Centre of Leicester. The adjoining properties are used for retail and restaurant purposes.
Property Facts Sale Pending
| Price | £400,000 | Sale Type | Investment |
| Unit Size | 1,827 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 3 |
| Total Building Size | 3,094 SF | Typical Floor Size | 1,174 SF |
| Property Type | Retail (Unit) | Year Built | 1958 |
| Property Subtype | Storefront |
| Price | £400,000 |
| Unit Size | 1,827 SF |
| No. Units | 1 |
| Total Building Size | 3,094 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 1,174 SF |
| Year Built | 1958 |
1 Unit Available
Unit 16
| Unit Size | 1,827 SF | Sale Type | Investment |
| Price | £400,000 | Tenure | Freehold |
| Price Per SF | £218.94 | Net Initial Yield | 5.00% |
| Unit Use | Retail | NOI | £20,000 |
| Unit Size | 1,827 SF |
| Price | £400,000 |
| Price Per SF | £218.94 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 5.00% |
| NOI | £20,000 |
Description
The ground floor is let to A & M Robinson trading as:- Robinsons Jewellers on a lease of 5 years from 2014 at a rental of £20,000 per annum. The tenants are currently holding over and have occupied the premises for in excess of 15 years.
Sale Notes
The freehold of the premises is available subject to the lease of the ground floor and basement at £400,000.
Amenities
- Bus Route
- Security System
- Storage Space
Nearby Major Retailers
Presented by
16 Granby St
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