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Leycroft Rd
Leicester LE4 1ET
Industrial Property For Sale

INVESTMENT HIGHLIGHTS

  • Modern mid-terrace industrial premises
  • Purchase price subject to the occupation lease - £335,000 to show an initial yield of 5.27% and an estimated reversionary yield of 6.48%, after costs
  • Let to a strong tenant covenant

EXECUTIVE SUMMARY

The subject property comprises a circa 1980s built, single-storey, mid- terrace, industrial unit with two-storey integral offices, of steel frame construction with brick elevations, surmounted with steel cladding. The roof structure is pitched and similarly clad, incorporating translucent roof lights. The elevations incorporate uPVC double glazed windows. Internally, the ground floor accommodation has been configured to provide a trade counter area, WC facilities, a partitioned office, together with the main warehouse. The main warehouse area generally provides clear and unencumbered production accommodation with a solid concrete floor throughout, brick elevations to a height of 2.50m and is lit via suspended LED lights. The eaves height to the underside of the haunch is circa 5.6m. Loading is facilitated by means of a roller shutter door in the front elevation. Heating to this element is provided by way of a warm air gas fired blower. An internal staircase at the front of the property provides access to the first floor where there is an office incorporating a kitchenette. The specification to the office space includes; suspended ceilings with inset CAT II lighting, painted plastered walls and carpet floor coverings. Heating is provided by wall mounted electric heaters. Externally, the property benefits from forecourt car parking for 4 cars

PROPERTY FACTS

Property Type Industrial
Property Subtype Warehouse
Costar Property Class B
Total Plot Size 8.23 ac
Net Internal Area (NIA) 19,575 sq ft
No. Floors 1
Year Built 1970
Parking Allocation 1.92/1,000 sq ft
Eaves Height 16 ft (4.88 m)
No. Drive In / Grade-Level Doors 7
APN / Parcel ID
LT217626
  • LT385568
  • LT532678

AMENITIES

  • Security System
  • Roller Shutters
  • Storage Space

UTILITIES

  • Lighting - Fluorescent
  • Gas
  • Listing ID: 32180733

  • Date on Market: 19/06/2024

  • Last Updated:

  • Address: Leycroft Rd, Leicester LE4 1ET

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