£525,000
Property for sale39 A-C Market Street, Loughborough LE11
Freehold
About this property
Commercial investment For Sale
3 x shops in Loughborough Town Centre
Income producing £43,700 with increases
£525,000 guide price
Finance available subject to status
Virtual Freehold/999 year lease
3 Shop Commercial investment For Sale in Loughborough Town Centre
£525,000 Virtual Freehold/999 year leasehold
Current income £43,700 Rent
Tenure - Virtual Freehold 999 Year lease
VAT - Not applicable
Price - £525,000
Legal Fees - Each Party to bear their own costs
EPC's - D (83) - C (56) - C (68)
Rateable value - Tenants are responsible for rates payable.
Utilities - Tenants are responsible for all utilities
39 a-c Market street offers 3 ground floor investments for sale, the upper floors are not included in the sale, the upper floors are separately accessed and offer residential accommodation.
The ground floor sale comprises 3 fully let units, with occupiers: A café bar, Music bar and a jacket potato takeaway/restaurant.
The units are prominently located on Market Street, on one of the Town centres busiest foot fall locations.
Location
Loughborough is a well known University town, situated between Nottingham to the north and Leicester to the south. The town has good connectivity to the M1 motorway Junction 23, approximately three miles to the west. Market Street is a pedestrianised area with an mixture of residential, leisure and retailing occupiers. 39 a-c are approximately 150m from the main Market Square.
Terms
Offered for sale Virtual Freehold with a 999 Long leasehold lease to be created with tenants in situ, with a guide price of £525,000.
39a Market Street£17,700.00
39b Market Street£14,000.00
39c Market Street£12,000.00
Total £43,700
Full leases are available on request, leases are typically 5 year terms with 3 years breaks.
£525,000 Virtual Freehold/999 year leasehold
Current income £43,700 Rent
Tenure - Virtual Freehold 999 Year lease
VAT - Not applicable
Price - £525,000
Legal Fees - Each Party to bear their own costs
EPC's - D (83) - C (56) - C (68)
Rateable value - Tenants are responsible for rates payable.
Utilities - Tenants are responsible for all utilities
39 a-c Market street offers 3 ground floor investments for sale, the upper floors are not included in the sale, the upper floors are separately accessed and offer residential accommodation.
The ground floor sale comprises 3 fully let units, with occupiers: A café bar, Music bar and a jacket potato takeaway/restaurant.
The units are prominently located on Market Street, on one of the Town centres busiest foot fall locations.
Location
Loughborough is a well known University town, situated between Nottingham to the north and Leicester to the south. The town has good connectivity to the M1 motorway Junction 23, approximately three miles to the west. Market Street is a pedestrianised area with an mixture of residential, leisure and retailing occupiers. 39 a-c are approximately 150m from the main Market Square.
Terms
Offered for sale Virtual Freehold with a 999 Long leasehold lease to be created with tenants in situ, with a guide price of £525,000.
39a Market Street£17,700.00
39b Market Street£14,000.00
39c Market Street£12,000.00
Total £43,700
Full leases are available on request, leases are typically 5 year terms with 3 years breaks.
Mortgage calculator
Monthly repayment
£2,626 per month
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