Property for sale

Bowling Green Street, Leicester, Leicestershire LE1

The ground floor of this impressive property is devoted to a versatile commercial space, perfect for a variety of business ventures. Boasting large display windows and ample natural light, it provides an inviting environment for both customers and clients. The commercial area is thoughtfully designed with an open layout to accommodate retail, office, or service-oriented enterprises. It includes a reception area, multiple workstations, and a private office, all equipped with modern fittings. The prime street-level positioning ensures excellent visibility and accessibility. The ground floor could be re arranged to provide two separate units.

Basement:
A huge basement comprising of various rooms, offering huge scope.

First and Second Floors: Residential Units:

Ascending above the commercial entity, the first and second floors each host two one-bedroom flats, making a total of four residential units. Each flat is beautifully appointed with a contemporary aesthetic, designed to offer comfortable and modern living spaces.

Every flat features an open-plan living and dining area, a fully equipped kitchen with modern appliances, a spacious bedroom with ample storage, and a stylishly designed bathroom. Large windows enhance the bright and airy atmosphere, while quality finishes ensure durability and low maintenance. These residential spaces offer tenants a serene retreat above the vibrant city streets.

Investment Opportunity:

The entire property is partly tenanted, providing you with immediate rental income. The residential units are currently occupied on Assured Shorthold tenancy agreements, guaranteeing a consistent revenue stream. Furthermore, the ground floor commercial space, given its prime location and attractive layout, presents an excellent opportunity to rent by diverse businesses, further enhancing its investment appeal.

The current rent passing are:-

Commercial - vacant
Flat 1 let and producing £825 per month
Flat 2 let and producing £725 per month (market value £825)
Flat 3 let and producing £825 per month
Flat 4 let and producing £825 per month

Current Total Income of £38,400 pa

The commercial space and basement was previously let to a firm of solicitors at £20,000 per annum.

The uplift in rent of Flat 2 - will add £1200 per annum

Potential Total Income £59,600

**Location:**

Situated in the heart of Leicester, this property benefits from a prime location that combines convenience with connectivity. It's surrounded by a plethora of amenities, including cafes, restaurants, retail outlets, and essential services, ensuring high demand from both commercial and residential tenants. Leicester's vibrant cultural scene and robust economy make it a highly desirable area for both business and living.

**Transport Links:**

The property boasts excellent transport links, with easy access to major road networks and public transportation. Leicester’s main train station is a short distance away, offering rapid connections to major cities including London, Birmingham, and Nottingham. Additionally, convenient road access ensures seamless connectivity to the M1 motorway.

**Conclusion:**

This commercial property is more than just a building; it's a prime investment opportunity set in one of Leicestershire's most attractive urban locales. Whether you're an investor looking to expand your portfolio or seeking a lucrative property with diverse income streams, this opportunity is not to be missed. The blend of commercial potential and residential stability ensures that this property will continue to appreciate in value, rewarding its owner for years to come.

For further details or to arrange a viewing, please contact us today. Explore the potential of this superb Leicester property, destined to be the jewel in your investment crown.