This four-storey freehold commercial property presents a unique opportunity for investors and business owners alike. Well-maintained, the building features flexible internal layouts that cater well to office environments or service-oriented businesses. Notably, the recently approved planning for commercial use of the third floor, previously classified as attic space, enhances its immediate income-generating potential.
The building comprises:
- Lift access servicing all floors,
- Fire exits on every level to ensure safety,
- A total of 15 toilets distributed throughout the premises,
- Adaptable floor plates allowing for future reconfiguration or redevelopment (subject to planning),
- Two distinct entrances that facilitate multiple tenants if desired.
Positioned in a bustling commercial zone of Leicester, this property enjoys strong foot traffic and excellent transport links alongside access to essential local amenities.
Current tenancy arrangements reveal robust income opportunities:
- The ground floor is leased at £35,000 per annum with five WCs,
- The first floor generates £20,000 per annum with four WCs and one year remaining on its lease,
- The second floor also garners £15,000 annually, featuring another four WCs,
- While the third floor is currently unoccupied, it holds significant potential value estimated between £10,000 and £12,000 annually due to its new commercial use approval.
This sets the total potential annual income at approximately £82,000.
Additionally, there are possibilities for further development (subject to planning) including:
- Enhancing the layout to attract higher-value tenants,
- Exploring mixed-use development options,
- Transforming the space into serviced offices or training suites.
This property not only serves as an excellent investment but also provides significant scope for renovation and capital appreciation.
