Property photos
£2,000,000
(£228.15/sq. ft)
Retail premises for sale
Humberstone Gate, Leicester, Leicestershire LE18,766 sq. ft
Local area information
Property location
Nearby amenities
- Al-Ihsaan Community College 0.3 miles
- Moat Community College 0.4 miles
- Leicester 0.4 miles
- South Wigston 3.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Leicester to find out more about the local area.
Features and description
- Located within the Cultural Quarter
- High specification student accommodation with two ground floor restaurants
- Current net rental income: £149,272 per annum
- Purchase price £2m to show a gross yield of 7.46%.
The property comprises an attractive four storey corner building of solid brick construction beneath a pitched tiled roof supported on timber queen post trusses. The Humberstone Gate elevation comprises two double glazed shop fronts at ground level whilst the upper floors comprise ornate double glazed windows throughout. On the Rutland Street frontage there is a three-storey extension with vehicular access through the ground floor and being of brick construction under a flat felted roof.
Internally, the property is laid out to provide two retail units on the ground floor that are currently let. The upper floors have recently been converted to provide high end student residential accommodation to include 1 x 6 bed cluster and 2 x 8 bed cluster flats, all with en-suites.
The vehicular access way from Rutland Street leads to two steel fire escape staircases and also provides loading facilities to the rear of the retail units.
Internally, the property is laid out to provide two retail units on the ground floor that are currently let. The upper floors have recently been converted to provide high end student residential accommodation to include 1 x 6 bed cluster and 2 x 8 bed cluster flats, all with en-suites.
The vehicular access way from Rutland Street leads to two steel fire escape staircases and also provides loading facilities to the rear of the retail units.
More information
Listed by
Innes England
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