Freehold Office Investment with Residential Potential (subject to consents)
Comprises approximately 2,393.40 sq m (25,763 sq ft)
Prominent position in Leicester City Centre adjacent to the New Walk Centre Development site
Approximately 170 metres east of De Montfort University campus and 320 metres north of Leicester Royal Infirmary
Active management potential
Car parking for approximately 40 cars
Rent subject to note 2
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 51
Auction 7th July 2016
Rent £230,000 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
43 miles north-east of Birmingham, 30 miles south of Nottingham and 20 miles north-east of Coventry
Roads
M1, M69, A6, A47
Rail
Leicester Railway Station
Air
East Midlands Airport, Birmingham City Airport
Situation
The property is situated on the west side of Welford Road and at its junction with Norton Street in Leicester City Centre, some 170 metres east of De Montfort University campus and some 320 metres north of Leicester Royal Infirmary. The property benefits from being situated opposite to the New Walk Centre site with plans announced for a new 50,000 sq ft scheme comprising office, retail and residential development. (Source: www.leicester.gov.uk/news).
Tenure
Freehold.
Location
Miles
43 miles north-east of Birmingham, 30 miles south of Nottingham and 20 miles north-east of Coventry
Roads
M1, M69, A6, A47
Rail
Leicester Railway Station
Air
East Midlands Airport, Birmingham City Airport
Situation
The property is situated on the west side of Welford Road and at its junction with Norton Street in Leicester City Centre, some 170 metres east of De Montfort University campus and some 320 metres north of Leicester Royal Infirmary. The property benefits from being situated opposite to the New Walk Centre site with plans announced for a new 50,000 sq ft scheme comprising office, retail and residential development. (Source: www.leicester.gov.uk/news).
Tenure
Freehold.
Description
The property comprises office accommodation on the ground to third floors. The offices benefit from central heating, suspended ceilings and perimeter trunking as well as a passenger lift and car parking for approximately 32 cars.
VAT
VAT is applicable to this lot.
Planning
The property may be suitable for residential redevelopment under either permitted development or full planning consent.
Leicester City Council
City Hall,
115 Charles Street,
Leicester,
LE1 1FZ.
Tel: +44 (0)116 454 1000.
Email: planning@leicester.gov.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises office accommodation on the ground to third floors. The offices benefit from central heating, suspended ceilings and perimeter trunking as well as a passenger lift and car parking for approximately 32 cars.
VAT
VAT is applicable to this lot.
Planning
The property may be suitable for residential redevelopment under either permitted development or full planning consent.
Leicester City Council
City Hall,
115 Charles Street,
Leicester,
LE1 1FZ.
Tel: +44 (0)116 454 1000.
Email: planning@leicester.gov.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
CARRINGTON CARR HOLDINGS LIMITED AND FCT ENTERPRISES LIMITED (1)
10 years from 24/06/2010
£230,000 (2)
23/06/2020
Totals
2,393 sq m
(25,763 sq ft)
£230,000 (2)
(1) Part of the property is occupied by Legacy Wills and Estate Planning Limited. (2) The tenant has not paid the rent since the September 2015 quarter day.
