Block of flats for sale

London Road, Leicester LE2

The property consists of a four storey building, with a ground floor commercial unit with a current usage classification of :

A1 Shops - Shops, retail warehouses, hairdressers, undertakers, travel and ticket agencies, post offices, pet shops, sandwich bars, showrooms, domestic hire shops, dry cleaners, funeral directors and internet cafes.

And

B1 Business - Offices (other than those that fall within A2), research and development of products and processes, light industry appropriate in a residential area.

The building occupies a corner plot, with a double frontage looking onto London Road and De Montfort Street. The ground floor unit is currently an Insurance brokerage firm, and is also advertised for rental (£16,000pa).

The building sits in close proximity to the University of Leicester, the train station, local businesses and the city centre. The upper floors have been recently renovated into 3 student focused apartments, which are pre let for the 2018/19 academic year.

Student Income of £68,200 pa.
Commercial unit income - £16,000 pa
Combined gross of - £84,000 pa
Gross Yield - 6.7%