Retail/Studio parade comprising 6 units, each with separate access
Tenants include a beauty treatment training academy, a beauty salon and a barber
Approx. 271.92 sq m (2,922 sq ft)
Includes 2 vacant units
Busy location in popular Leicester suburb - adjacent to 50 space free town centre car park
Nearby occupiers include Tesco Superstore, Aldi, Iceland, Specsavers, Banking Hub and Cardfactory
VAT free investment
Lot 27
Auction 10th July 2025
Rent £24,360 per Annum Exclusive Plus Units 2 and 3 Offered Vacant
Status Sold
Price £382,500
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Real Estate Investment Trust
Property Information
Location
Miles
5 miles north east of Leicester, 18 miles south of Nottingham
Roads
A46, A607,
Rail
Syston Railway Station
Air
East Midlands Airport
Situation
Syston is a popular suburb 5 miles north east of Leicester. The property is situated on the south side of Melton Road, the primary retailing thoroughfare providing direct access from Syston to Leicester. The property is located adjacent to local bus servics and Melton Road Car Park which offers municipal parking. Nearby occupiers include Tesco Superstore, Aldi, Iceland, Specsavers, Banking Hub and Cardfactory.
Tenure
Freehold.
Location
Miles
5 miles north east of Leicester, 18 miles south of Nottingham
Roads
A46, A607,
Rail
Syston Railway Station
Air
East Midlands Airport
Situation
Syston is a popular suburb 5 miles north east of Leicester. The property is situated on the south side of Melton Road, the primary retailing thoroughfare providing direct access from Syston to Leicester. The property is located adjacent to local bus servics and Melton Road Car Park which offers municipal parking. Nearby occupiers include Tesco Superstore, Aldi, Iceland, Specsavers, Banking Hub and Cardfactory.
Tenure
Freehold.
Description
The property comprises a retail/studio parade providing 6 units arranged over the ground and first floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a retail/studio parade providing 6 units arranged over the ground and first floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m (4)
Floor Areas Approx sq ft (4)
Tenant
Term
Rent p.a.x.
Rent Review
Unit 1
Ground First
Retail Ancillary
32.70 27.20
(351) (292)
INDIVIDUAL t/a Man Made Gentleman's Barbers
5 years from 01/02/2025 (1)
£10,000
-
Unit 2
Ground First
Retail Ancillary
37.30 25.70
(401) (276)
VACANT
Unit 3
Ground
Retail
34.50
(371)
VACANT
Unit 4
Ground
Retail
37.70
(405)
INDIVIDUAL t/a Pamper Room
5 years from 01/07/2023 (2)
£4,680
31/12/2025 (2)
Unit 5 Unit 6
First First
Office Office
39.05 37.77
(420) (406)
INDIVIDUAL t/a Elev8ate Aesthetics and Training Academy
5 years from 01/12/2023 (3)
£9,680
31/12/2025 (3)
Total
271.92
(2,922)
£24,360
(1) The lease provides for a tenant option to determine on 01/02/2028. (2) The lease provides for a tenant option to determine on 31/12/2025. The rent review is geared to RPI. (3) The lease provides for a tenant option to determine on 01/12/2025. The rent review is geared to RPI. (4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
