Key Information
- Total GIA: 22,190 sq ft (2,061.52 sq m)
- 17 x self-contained units
- Low rental income of £132,170 per annum
- Price: £1.9m
- Asset management opportunity
- Goods lift, air source heat pumps, air-conditioning, three phase power
- We are seeking offers in the region of £1,900,000 (One Million, Nine Hundred Thousand Pounds) subject to contract.
The property comprises a multi-let industrial site of single, two storey and three storey buildings of traditional brick construction beneath flat and pitched roof forms. The floors are constructed in a mixture of timber and solid concrete construction. Internally, the buildings have been subdivided to provide seventeen lock up units over ground, first and second floor level, with one of the units providing an events venue. The property benefits from a goods lift, air source heat pumps, air-conditioning, three phase power and LED lighting. Externally, the site has the benefit of a secure car park and loading facilities.
Location
Leicester benefits from a diverse and growing population, with approximately 324,000 residents recorded in the 2021 Census. The city is home to two highly regarded universities, the University of Leicester and De Montfort University, which collectively support a student population of around 50,000. This significant student and graduate presence, together with Leicester's diverse economy, strong employment base and excellent transport infrastructure, contributes to a vibrant and resilient commercial market. The property is located on Foundry Lane in Leicester, directly off Foundry Square which connects to the main A607 Belgrave Gate, a major arterial route that links the city of Leicester with the north. Belgrave Gate also connects to Leicester's inner ring road system, providing convenient access across the city and onwards connections to the wider motorway, J21 of the M1/M69 interchange. The combination of a central location, excellent transport links and proximity to the motorway networks is a key driver in attracting a diverse range of occupiers.
VAT
The property has not been elected for VAT and is therefore not payable on the purchase price.
Services
We understand that all mains' services are available and connected to the property.
EPC
Available upon request.
Legal Costs
Each party to bear their own costs incurred during the transaction.
Accommodation
Measurements are quoted on a Gross Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand that the property has authorised use from the Local Planning Authority for industrial purposes, as well as, an events venue and takeaway use one of the units. Interested parties are advised to make their own enquiries in this regard with the Local Planning Authority.
Viewing
Viewings are by appointment with sole agents, Innes England.