Key Information
- Situated along a popular retailing parade
- Opportunity to increase the rental income
- Off road car parking to the rear
- Purchase price subject to occupational tenancies - £450,000
- £450,000 for the freehold interest, subject to the occupation tenancies in place.
The subject property comprises a two-storey mid terraced building which has been configured to provide 2 self-contained retail units on the ground floor with 2 residential flats above. The building is of rendered brick construction beneath a flat roof. The retail units have been fitted with shop fronts whilst the flats above have UPVC double glazed windows. Internally, both retail units have been laid out to provide sales accommodation to the front of the unit with kitchen and WC facilities to the rear. The larger unit also benefits from a storage area. The flats above are approached via the car park to the rear accessed off Middleton Street. One is a 2 bedroomed apartment whilst the other one is a 1 bedroomed apartment. To the rear of the property is a car park where there is off road car parking for circa 3 cars.
Location
The subject property occupies a prominent frontage position to the west side of Aylestone Road close to its junction with Middleton Street, lying approximately 3 miles south-west of Leicester city centre and approximately half a mile north of the A563 Soar Valley Way (Leicester outer ring road). The A563 provides direct and easy access to the Fosse Shopping Park and Junction 21 of the M1 and M69 Motorway which are approximately 2 miles west of the subject premises. The property is therefore readily accessible and is also on a busy and regular bus route so is also accessible by public transport. The position along Aylestone Road where the subject property is located is a well-established retail destination. Nearby retailers include; Pizza Express and Tesco Express convenience store along with numerous local traders.
VAT
All figures quoted are exclusive of VAT. The property is not registered for VAT.
Rates
753 Aylestone Road The property is currently listed as Shop and Premises and has a rateable value of £13,500. Source: VOA 753A Aylestone Road The property is currently listed as Shop and Premises and has a rateable value of £4,350.
Services
We understand mains services are available in the road. Interested parties are advised to seek confirmation from relevant suppliers about suitable services.
EPC
Copies of the EPC's are available upon request from the agents.
Viewing
Viewings are by appointment with sole agents Innes England
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted in accordance with the RICS Property Measurement Second Edition.
Planning
In relation to the retail accommodation, 753a Aylestone Road has an authorised use as a taxi booking office within Sui Generis, whilst 753 Aylestone Road has an authourised use as a funeral directors within Class E of the Town and Country Planning (Use Classes) (Amendments) (England) Regulations 2020. The residential flats have an authorised use as dwelling houses under Class C3 of the Town and Country Planning (Use Classes) (Amendments) (England) Regulations 2020.