This commercial property offers a significant opportunity for renovation and investment, situated in a well-regarded industrial area of Leicester. Spanning over 14,000 square feet across two distinct buildings, it holds strong potential for various uses, whether for immediate rental income or future development.
The first building encompasses 6,061 square feet and is currently unoccupied. This space features a welcoming reception area leading into expansive workshop and storage zones. Equipped with a goods lift, the first floor houses office spaces along with kitchen and washroom facilities. With an estimated rental potential exceeding £25,000 per annum, this unit presents an attractive option for investors looking to capitalize on the growing demand for industrial space.
Adjacent to it is the second building, which measures 8,228 square feet and serves as a tenanted investment generating an annual rental income of £50,000. This portion includes a spacious ground floor workshop complemented by an office and staff kitchen. The upper level is utilized predominantly for storage purposes and houses a cutting room.
Both structures benefit from a shared gated rear entrance that includes a loading bay, enhancing accessibility for operations. Situated conveniently just off the A47, this property enjoys excellent transport links and easy access to a robust local workforce.
Given its freehold status and prime location within a high-demand industrial zone, this property not only supports ongoing rental income but also offers considerable flexibility. Investors may consider options for business expansion or even explore the possibility of residential conversion (subject to obtaining necessary planning permissions). Overall, this property represents a unique investment opportunity amidst promising growth prospects in the area.
