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119 Kirby Rd 569 sq ft 100% Let Retail Property Leicester LE3 6BE £280,000 (£492.09/sq ft) 8.57% Net Initial Yield
INVESTMENT HIGHLIGHTS
- This property features a fully-equipped ground floor fish and chip shop, or adaptable for conversion into any other takeaway
- Conveniently located, the property benefits from significant foot traffic, excellent visibility, and proximity to local amenities
- The upper floors include a spacious 3-bedroom duplex flat, currently in need of modernisation, offering great potential for renovation
EXECUTIVE SUMMARY
Commercial investment opportunity on the market for £280,000. With a projected rental income of £24,000 per annum, this investment property offers an attractive Return on Investment (ROI) of approximately 8.5% per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
569 sq ft
Year Built
1900
Price
£280,000
Price per sq ft
£492.09
Yield
8.57%
NOI
£24,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.49
Total Plot Size
0.03 ac
Frontage
20 ft on Kirby Rd
AMENITIES
- Restaurant
- Storage Space
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119 Kirby Rd
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