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Freehold City Centre Office Investment

Leicester, United KingdomUnlock address

79%

£4.500.000

Office

#34831

Core+

17 Jul 2024

Property Details

Broker

For sale

47,560 sq.ft.

4,418 m²

Leasable area

94.62 £/sq.ft.

1,018 £/m²

10.00 %

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Located in the popular St George’s cultural quarter, with Tesco opposite and M&S, Primark, Ramada Encore Hotel, and Matalan less than 100m away on Humberstone Gate, with both Highcross and Haymarket shopping centres less than a five-minute walk. 47,560 sq ft (NIA) (4,418.43 sq m) office building on ground and thirteen upper floors, with 9 car parking spaces arranged over site. Refurbished in 2019 and subdivided into suites appealing to a variety of occupiers, including two with display frontage. EPC Rating of C(72). Let to a variety of occupiers including Duncan Lewis Solicitors, Everyday Loans Ltd, Life Links (Richmond Fellowship), Vodafone, and Jonathan Ashworth MP. Consent for conversion to 72 apartments and discussions with planners for circa 79, with potential for student accommodation. Annual rental income of £478,464.53 pa, and ERV of circa £515,000 pa.