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77 Belgrave Rd 1,888 SF 4-Star Retail Building Leicester LE4 6AS $1,003,600 ($531.57/SF) 5% Cap Rate



INVESTMENT HIGHLIGHTS
- Freehold Property
- Busy Junction
- Potential for Further Development STPP
- Prime Location on Belgrave Road
- Investment Opportunity
- Call Set To Let Estate Agents
EXECUTIVE SUMMARY
We are pleased to present a rare opportunity to acquire a freehold commercial property located on the prestigious Golden Mile, Belgrave Road in Leicester. This property boasts a substantial retail space, ideal for a variety of business ventures, making it a prime investment opportunity. Above the retail area, there is a well-appointed three-bedroom flat currently rented at £850 per calendar month, providing an immediate income stream. Furthermore, there is significant scope for development, subject to planning permission, allowing further residential development. With no chain involved, this property is ready for a swift transaction, making it an attractive option for both investors and business owners alike. Do not miss the chance to secure this exceptional property in a vibrant and sought-after location. Current Property layout: Front commercial space - £20,000.00 PA. Rear office space - private use with access to basement & above stock rooms. Three bedroom flat - £10,200.00 PA. Contact Set To Let Estate Agents to arrange internal viewings. Yield is currently 5% however there is an opportunity for development.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,888 SF
Building Class
C
LoopNet Rating
4 Star
Year Built
1927
Price
$1,003,600
Price Per SF
$531.57
Cap Rate
5%
NOI
$50,180
Tenancy
Single
Building Height
2 Stories
Frontage
19’ on Belgrave Road
AMENITIES
- Bus Line
- Automatic Blinds
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Priya
- -
- 1,448 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Priya | - | 1,448 SF | - | - |
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NEARBY MAJOR RETAILERS
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77 Belgrave Rd
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