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67 London Rd 1,925 sq ft Vacant Office Property Oadby LE2 5DN £375,000 (£194.81/sq ft) 6.40% Net Initial Yield



Executive Summary
This attractive commercial premises occupies a prominent roadside position within one of Leicester's most established suburban retail locations. The property provides well-presented accommodation suitable for investment. Benefiting from excellent frontage onto a busy thoroughfare with strong levels of passing vehicular and pedestrian traffic. The unit is currently fitted for use as a medical and aesthetics clinic, offering a high-quality internal specification with treatment rooms, reception/waiting area and ancillary facilities.
Potential for future conversion back to residential (subject to planning and current tenancy).
Term expires June 2028, with the benefit of Landlord & Tenant Act 54. Currently generating £24,000 Per Annum with annual stepped increases of £1,000.
Potential for future conversion back to residential (subject to planning and current tenancy).
Term expires June 2028, with the benefit of Landlord & Tenant Act 54. Currently generating £24,000 Per Annum with annual stepped increases of £1,000.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Property Size
1,925 sq ft
Costar Property Class
C
Year Built
1980
Price
£375,000
Price per sq ft
£194.81
Yield
6.40%
NOI
£24,000
Occupancy Rate
Vacant
Number of Floors
2
Typical Floor Size
913 sq ft
Plot ratio
0.22
Total Plot Size
0.20 ac
Parking
7 Spaces (3.64 Spaces per 1,000 sq ft Leased)
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67 London Rd
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