City Centre Development Opportunity

City Centre Workshop/Office Unit
Currently Two Letting Units
Refurbishment/Redevelopment Opportunity
Close to De Montfort University
9 Car Parking Spaces
Full Vacant Possession on Completion
£500,000

location

The property is situated just off the City’s main Welford Road (A549), close to its junction with Newarke Street and Welford Place.

This is just south of Leicester City Centre, close to the Cathedral and the high-quality shops, bars and restaurants in the “Lanes”

situation

The immediate environment is a mixed-use area comprising offices, workshops, student and residential apartments. The entrance to the 470-space Newarke Street multi-storey car park is directly opposite.

Directly to the East is Leicester’s De Montfort University, and many of the residential units in the immediate area are occupied by its students.

description

The property comprises a two-storey workshop of brick construction beneath a slate roof.

Internally the property is divided into two separate units. The first occupies the ground floor and the rear section of the first floor, the second unit is found in the first floor front section

accommodation

Ground Floor GIA – 189.05 sqm

First Floor GIA – 144.29 sqm

rates

The current rateable value is £4,250.

proposal

Offers over £500,000

The property is elected for VAT.