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Exchange Buildings, Rutland Street, Leicester, LE1 1RD

£1,050,000

Iconic Commercial Investment Producing £84,424 pa

  • Iconic building in the heart of the City’s Cultural Quarter
  • Opposite Leicester’s Curve Theatre
  • Three leisure units and 10 ground rents
  • 5,699 sq.ft. total commercial space
  • Upper floors converted in 2003 to create 10 apartments
  • Total income £84,424 rising to £93,424 over 9 years
  • Earliest lease expiry/break – 2026
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location

The Exchange’s unique triangular shape and it’s position make this a well known landmark building in Leicester.

It is in the heart of the Cultural Quarter being close to a number of eclectic bars and restaurants, Phoenix Arts, Makers Yard and an increasing number of office and residential occupiers.

There is easy access to the City’s retail core, the railway and bus stations and ample multi-storey  car parking.

description

Where do you start with the Exchange Buildings?

In simple terms it is made up of two bars with space over ground and basement floors and a hairdresser.

The upper floors have been converted to 10 flats, all of which have been sold on long leases.

It is the location choice for high-end leisure operators.

accommodation

The accommodation is made up of 3 commercial units ranging from 471 sq.ft. to 2,863 sq.ft.

tenancies

The property is let to 3 commercial tenants producing a total annual income of £84,424.

terms

£1,050,000 – 999 year leasehold interest

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