Kapital Buildings Charter St 92,838 SF 100% Leased Industrial Building Leicester LE1 3UD $6,713,122 ($72.31/SF) 8.84% Cap Rate

The property is located in Leicester City Centre occupying a prominent corner site at the junction of Charter Street and Gas Street, directly opposite the Burleys Flyover (A607). The property forms part of a ribbon of commercial development running the length of Vaughan Way / Burley Way (A607) close to its junction with St Margarets Way and directly opposite Abbey Park.
FOR SALE - Multi Let Industrial Opportunity The property is of a circa 1980’s four storey cast-in situ reinforced concrete frame with waffle floor construction and faced in brickwork. The ground floor is solid brickwork up to approximately 2.1m with a continuous band of glazing which finishes to the underside of the first floor construction. The first and second floor are almost entirely clad in brickwork except for a series of vertical metal framed windows. These vertical windows at the third and fourth floors project forward of the main elevation. This allows the vertical emphasis to be expressed through two bands of windows which run along both Charter Street and Gas Street elevations. The property benefits from level access loading doors off Charter Street and gated access to a rear off street parking area. Internally, the accommodation is configured to provide generally uninterrupted open plan accommodation, predominantly fitted out by the tenants and serviced by two goods lifts.
Opportunity to acquire a re-positioning opportunity occupying a prominent in Leicester City Centre Leicester is the second largest city in the East Midlands and the principal commercial centre in Leicestershire Prominent position directly opposite the A607 / Burleys Flyover, the gateway into the City Centre The property comprises a substantial multi-let industrial building, extending in total to 92,838 sq ft (8,625 sq m) Site area extending to 1.029 acres (0.416 hectares), together with car parking spaces Offering a unique City Centre development opportunity in the future, subject to planning permission Multi-let on short term tenancy agreements producing a total £469,564 per annum (only £5.00 per sq ft) Freehold