Guide price
£325,000
Restaurant for sale119 Kirby Road, Leicester LE3
Available immediately
Freehold
About this property
Description
Presenting a high-yielding mixed-use investment opportunity in the heart of Leicester's vibrant LE3 district. Priced at £325,000, this freehold asset at 119 Kirby Road is a turnkey, "hands-off" addition to any portfolio, offering an impressive 8% ROI.
The Investment Opportunity
Price: £325,000.
Total Annual Income: £25,200.
Yield: Approx 8%.
Retail Element: Currently let at £14,400 per annum with 5 years remaining on the lease, ensuring long-term security.
Residential Element: A high-spec 3-bedroom flat achieving £10,800 per annum.
Total Size: Approximately 1,250 sq ft across both units.
Prime Commercial Unit
The ground floor features a prominent shop unit located within a busy parade of shops. It benefits from high footfall and a strong local business catchment, with nearby amenities and national retailers.
Newly Renovated Residential Flat
The upper-floor residential accommodation has been completely transformed to a modern standard:
Modern Interiors: Brand new kitchen and sleek bathroom suite.
Fresh Finishes: New carpets and high-quality flooring throughout.
Spacious Living: A generous 3-bedroom layout, ideal for professionals or families seeking quality urban living.
Location & Connectivity
Perfectly situated on Kirby Road, the property sits at a key junction with Hinckley Road (A47), a major arterial route into Leicester City Centre. The LE3 area is highly sought after by investors due to its proximity to the M1, De Montfort University, and major business parks.
Tenure: Freehold
Presenting a high-yielding mixed-use investment opportunity in the heart of Leicester's vibrant LE3 district. Priced at £325,000, this freehold asset at 119 Kirby Road is a turnkey, "hands-off" addition to any portfolio, offering an impressive 8% ROI.
The Investment Opportunity
Price: £325,000.
Total Annual Income: £25,200.
Yield: Approx 8%.
Retail Element: Currently let at £14,400 per annum with 5 years remaining on the lease, ensuring long-term security.
Residential Element: A high-spec 3-bedroom flat achieving £10,800 per annum.
Total Size: Approximately 1,250 sq ft across both units.
Prime Commercial Unit
The ground floor features a prominent shop unit located within a busy parade of shops. It benefits from high footfall and a strong local business catchment, with nearby amenities and national retailers.
Newly Renovated Residential Flat
The upper-floor residential accommodation has been completely transformed to a modern standard:
Modern Interiors: Brand new kitchen and sleek bathroom suite.
Fresh Finishes: New carpets and high-quality flooring throughout.
Spacious Living: A generous 3-bedroom layout, ideal for professionals or families seeking quality urban living.
Location & Connectivity
Perfectly situated on Kirby Road, the property sits at a key junction with Hinckley Road (A47), a major arterial route into Leicester City Centre. The LE3 area is highly sought after by investors due to its proximity to the M1, De Montfort University, and major business parks.
Tenure: Freehold
Mortgage calculator
Monthly repayment
£1,625 per month
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