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Rutland House, 33a Rutland Street, Leicester, LE1 1RE

Sold

Beautifully Restored Office Space

  • High quality office restoration
  • 42m2 (2,082 sq.ft.) Office and Storage Space
  • Let under effective FRI Lease until 2024
  • Current Rent £23,903pa
  • Rising to £25,499 in 2022
  • Price – £310,000
  • Initial Yield 8.48%
Details Enquire

location

The property is situated in the heart of Leicester’s Cultural Quarter opposite the iconic Exchange Buildings and close to the Curve Theatre and Phoenix Arts Centre.

The Cultural Quarter is a small, very cool enclave of the City with easy access to London Road Railway Station , Haymarket and St Margaret’s Bus Station and Leicester’s Retail Centre.

 

description

The whole property was converted from its former factory use in 2013 to provide a refurbished office space to the ground floor and nine high-quality apartments to the upper levels. This is a distinctive building of real character.

The investment comprises the 999 year, long leasehold interest of the ground floor and basement areas.

accommodation

GF Office – 147.80m2 (1,591 sq.ft.)

Basement/WC’s – 45.61m2 (491 sq.ft.)

tenancy

The property is let to Arch Creative Consultants Ltd under a renewed effective FRI lease from March 2019.

There is a provision for fixed rental uplifts over the term of the lease.

proposal

Sold

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