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Property for sale

  1.  Kennedy House
  2.  Kennedy House
  3.  Outside Area
Freehold

Non quoting

Property for sale

Kennedy House, Tigers Close, Wigston LE18

24,467 sq. ft

Local area information

Property location

Nearby amenities

  • South Wigston High School 0.3 miles
  • Parkland Primary School South Wigston 0.3 miles
  • South Wigston 0.3 miles
  • Narborough 2.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Freehold
  • Approx. 2.4 acres (1.0 ha)
  • Income of £182,600
  • Good transport links
Description

The property comprises a two-storey accommodation block to the south containing 12 flats and 56 bedrooms, an administration block to the north, parking to the north and east and land to the west.

The property is located in Wigston, 3.8 miles (6.1 km) to the south of Leicester city centre. It is in a mixed-use area with mainly commercial uses to the north, east and south-east, the recently built hmp Fosse Way to the west, a railway line running along the southern boundary of the site and, beyond this, residential accommodation.

We understand from the Energy Performance Certificate that the buildings extend to 25,467 sq ft (2,366 sqm). The property is set in approximately c. 2.4 acres (1.0 ha).

Location

The property is located in Tigers Close c. 3.8 miles (6.1 km) to the south of Leicester city centre. It is in the town of Wigston in the Oadby and Wigston District of Leicestershire.

Coventry is approximately 18 miles (29 km) to the south-west, Nottingham is 25 miles (40 km) to the north, Northampton is 25 miles (40 km) to the south-east and Birmingham is 32 miles (51 km) to the west.

South Wigston railway station is 0.25 miles (0.4 km) to the east of Kennedy House and has regular services to Leicester and Birmingham New Street.

There are bus stops along Tiger Road which provide services to Leicester city centre and South Leicestershire College.

Junction 21 of the M1 and M69 is located 2.5 miles (4 km) to the west of the property.

Viewings

All parties wishing to inspect the property are required to make prior arrangements with Avison Young.

Avison Young request that interested parties do not attempt to gain access to the property outside of accompanied viewing inspections.

Terms

Offers are to be submitted in writing together with any supporting information to the selling agents.


Interested parties are permitted to submit an offer on more than one basis. Our client reserves the right not to accept the highest or any offer received.

Specifications

The property comprises two buildings (known as the ‘accommodation block’ and the ‘administration block’), car parking and land.

The ‘administration block’ is currently being used as a day centre for adults with learning disabilities with part being sublet to a day centre for dementia patients. This blocks comprise a series of rooms including reception, offices, kitchens, leisure spaces and workshops.

The ‘accommodation block’ is currently vacant and comprises 12 flats and 56 bedrooms and in a poor state of repair.

Both blocks are connected by a fire escape and have a shared heating and water system.

Tenancies

There are currently two leases, outside of the provisions of the 1954 Act, in place at the property as follows:

Accommodation block: Let to Serco for 10 years from August 2019, expiring August 2029, tenant break in July 2026, base rent of £145,600, annual rent reviews with cpih-linked increases
Administration block: Let to D&H Community Support for 4 years from July 2025 at a base rent of £37,000, annual rent reviews with cpih-linked increases

The property is to be sold freehold with currents leases in place and easements and statutory designations currently passing. Prospective purchasers must satisfy themselves in this regard.

Floor Areas

We understand from the Energy Performance Certificate that the buildings extend to 25,467 sq ft (2,366 sqm).

The property is set in approximately c. 2.4 acres (1.0 ha).

EPC

An Energy Performance Certificate dated 19th September 2015 shows a rating of d-89.

VAT

The property has not been elected for tax.

Tenure

The property currently comprises a freehold title (title ref.: LT424427) extending to a total of circa 2.37 acres (0.96 ha) gross.

Planning

The local planning authority is Oadby and Wigston Borough Council.

Planning policies for the area are contained within the Borough of Oadby and Wigston Local Plan (2011-2031) and the supplementary planning documents. We understand that an updated local plan is currently in consultation.

We understand the current planning use is Sui Generis, however all parties should make their own enquiries of the local planning authority.

Services And Highways

We understand that all mains services are available to the property however, prospective purchasers must satisfy themselves in respect of the availability, capacity and sustainability of all services and utilities.

Business Rates

XXX

Council Tax

The 12 flats at the accommodation block each have a Council Tax band of A.

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  1. Zoopla
  2. Commercial for sale
  3. Leicestershire
  4. Wigston
  5. Tigers Road