1,002 sq ft (93 sq m) Use class orders: A1 Shops and C3 Dwelling Houses
Central Location Separate Shop & Flat 2 potential income streams
Wharf Street South sits to the North of the City just off the Inner Ring Road within and established business district, Europacar Hire and Topps Tiles are opposite and numerous other business are located in the surrounding area.
The central shopping area of Leicester is within a 5 minute walk from the property and offers a wide variety of amenities and services
The railway station is ¾ mile (15 minutes on foot) and it benefits from a frequent service to London St Pancras with the quickest trains taking about an hour, St Margarets Coach Station is less than ½ mile on foot (7 minutes).
Brick built with a replacement tile roof extending over 3 stories plus a basement the property comprises a ground floor lock up shop with aluminium shop front and 2 bedroom maisonette over.
The ground floor currently trades as a barbers and consists of a single sales area to the front with toilet to the rear and is separately metered for electricity and water.
The first/second floor maisonette is accessed from the rear, a UPVC entrance door opens on to a staircase leading up to a landing with living room, kitchen and bathroom off, a further flight of stairs leads to 2 bedrooms
Internal Width 4.22 m 13′ 10”
Sales Area 29.54 m2 318 sq ft
Kitchen 3.25 m2 35 sq ft
First Kitchen/sitting room/shower room
Second Bedroom 1/Bedroom 2
Shared yard accessed from next door with access to basement
The Ground floor is let on a 19 year lease expiring August 2037 at £6,158.28 pa subject to annual reviews in line with RPI
The Flat is vacant and in need of modernisation we anticipate that a rent of £450- 500 pcm would be achievable when refurbished
Shop Rateable Value: £2.750
Flat Council Tax Band A
We are advised that mains drainage, water and electricity are connected to the shop, in addition there is a gas supply for the flat which has GFCH
We are advised that the Landlord has not opted to tax and therefore VAT will not be payable on the purchase price
Each Party will bear their own costs arising.