Key Information
- 16 Residential and Industrial properties
- Fully Let - income £183,127 pa
- Price £2,750,000
- Price £2,750,000
- A mixed use Property Investment Portfolio in Syston, Hinckley and Peterborough with various industrial & residential assets.
- Price £2,750,000
Excellent opportunity to acquire a mixed-use investment portfolio within the East Midlands. Containing 16 properties that are fully let and producing a collective income of £183,127 per annum. All modern industrial and residential properties.
Location
Syston is a relatively large and busy satellite area of Leicester, some 6 miles north of the city centre. Whilst a significant residential dormitory area, it also exhibits a thriving high street and a large industrial base. Syston has excellent communication links, both to Leicester City via the A46 Melton Road and situated at the junction of the A46 northern perimeter ring road, facilitating access to the M1 at J21a. The properties are all situated within close proximity to one another at the intersection of High Street and Brook Street, a few hundred yards from the main shopping centre.
VAT
The industrial properties are elected for VAT, though this element of the transaction is likely to be treated as a Transfer of a Going Concern (TOGC), provided HMRC requirements are satisfied. The residential element will not attract VAT.
EPC
Available upon request.
Viewing
Viewings are by appointment with Innes England.
Legal Costs
Each party is to bear their own legal costs incurred.