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74 Leicester Rd 1,695 SF Retail Building Loughborough LE11 1SG $291,502 ($171.98/SF) 3.07% Cap Rate
Investment Highlights
- Freehold commercial investment
- Commercial tenancy producing £6,600 per annum
- Close to town centre
Executive Summary
The land is being marketed for offers in the region of £249,000.
No. 74 is subject to a 1954 Act Commercial Tenancy - £ 6600/annum
No 74A (currently Vacant) but previously has been let with a rental income of £825/PCM.
The property comprises the freehold of a corner-situated mixed-use building at 74 & 74a Leicester Road, Loughborough, including a ground-floor commercial unit let at £6,600 per year and an independently accessed two-bedroom flat above (currently vacant), all offered for sale by private treaty at a guide price between £215,000.
No. 74 is subject to a 1954 Act Commercial Tenancy - £ 6600/annum
No 74A (currently Vacant) but previously has been let with a rental income of £825/PCM.
The property comprises the freehold of a corner-situated mixed-use building at 74 & 74a Leicester Road, Loughborough, including a ground-floor commercial unit let at £6,600 per year and an independently accessed two-bedroom flat above (currently vacant), all offered for sale by private treaty at a guide price between £215,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,695 SF
Building Class
C
Year Built
1930
Price
$291,502
Price Per SF
$171.98
Cap Rate
3.07%
NOI
$8,948
Tenancy
Single
Building Height
2 Stories
Building FAR
1.26
Lot Size
0.03 AC
Frontage
18’ on Leicester Road
Nearby Major Retailers
1 of 11
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74 Leicester Rd
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