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74 Leicester Rd 1,695 sq ft Retail Property Loughborough LE11 1SG £215,000 (£126.84/sq ft) 3.07% Net Initial Yield
Investment Highlights
- Freehold commercial investment
- Commercial tenancy producing £6,600 per annum
- Close to town centre
Executive Summary
The land is being marketed for offers in the region of £249,000.
No. 74 is subject to a 1954 Act Commercial Tenancy - £ 6600/annum
No 74A (currently Vacant) but previously has been let with a rental income of £825/PCM.
The property comprises the freehold of a corner-situated mixed-use building at 74 & 74a Leicester Road, Loughborough, including a ground-floor commercial unit let at £6,600 per year and an independently accessed two-bedroom flat above (currently vacant), all offered for sale by private treaty at a guide price between £215,000.
No. 74 is subject to a 1954 Act Commercial Tenancy - £ 6600/annum
No 74A (currently Vacant) but previously has been let with a rental income of £825/PCM.
The property comprises the freehold of a corner-situated mixed-use building at 74 & 74a Leicester Road, Loughborough, including a ground-floor commercial unit let at £6,600 per year and an independently accessed two-bedroom flat above (currently vacant), all offered for sale by private treaty at a guide price between £215,000.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,695 sq ft
Costar Property Class
C
Year Built
1930
Price
£215,000
Price per sq ft
£126.84
Yield
3.07%
NOI
£6,600
Tenancy
Single
Number of Floors
2
Plot ratio
1.26
Total Plot Size
0.03 ac
Frontage
18 ft on Leicester Road
Nearby Major Retailers
1 of 11
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74 Leicester Rd
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