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16 Granby St 1,827 sq ft 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 Under Offer
| Total Property Size | 3,094 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,174 sq ft |
| Property Subtype | Shopfront | Year Built | 1958 |
| Costar Property Class | B |
| Total Property Size | 3,094 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 1,174 sq ft |
| Year Built | 1958 |
AMENITIES
- Bus Route
- Security System
- Storage Space
1 UNIT AVAILABLE
Unit 16
| Unit Size | 1,827 sq ft | Tenure | Freehold |
| Price | £400,000 | Sale Status | In Exchange |
| Price Per sq ft | £218.94 | Net Initial Yield | 5.00% |
| Unit Use | Retail | NOI | £20,000 |
| Sale Type | Investment |
| Unit Size | 1,827 sq ft |
| Price | £400,000 |
| Price Per sq ft | £218.94 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Status | In Exchange |
| 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.
NEARBY MAJOR RETAILERS
Presented by
16 Granby St
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