Block of flats for sale

Long Street, Wigston LE18

Freehold Mixed-Use Investment Opportunity – Long Street, Wigston, LE18

Guide Price: £1,200,000

KCR Real Estate are delighted to present this exceptional freehold investment opportunity situated on the ever-popular Long Street, right in the heart of Wigston town centre. This substantial property offers a rare blend of secure rental income, excellent residential accommodation, commercial presence, and exciting scope for future development.

The property currently comprises two established commercial units, both of which are rented and provide consistent income from long-standing tenants. Benefiting from excellent frontage onto Long Street, the units enjoy high levels of footfall and visibility, making them attractive to a wide range of businesses.

Above the commercial premises are five spacious residential flats, all finished to a decent standard and offering generous proportions throughout. The current layout includes:

3 x One-Bedroom Flats

2 x Two-Bedroom Flats

The flats are well-presented, modern, and provide comfortable living spaces, making them highly desirable for tenants. Demand in this central Wigston location is strong, ensuring low void periods and consistent returns.

Adding further value to this property, planning permission potential exists for an additional four one-bedroom flats, significantly enhancing both the rental income and overall value of the freehold. This offers an excellent opportunity for an investor or developer to maximise the site’s potential and capitalise on the strong rental market in the area.

Externally, the property is further enhanced by a good-sized private car park to the rear, providing ample parking for both the commercial tenants and residents. Additional side parking and a large open garage add further convenience and appeal, particularly for tenants with multiple vehicles.

This is a rare opportunity to acquire a substantial freehold block in a thriving town centre location, offering a healthy current rental income with clear scope for further uplift through development. With its combination of commercial and residential elements, on-site parking, and attractive long-term growth potential, this property represents an outstanding investment.