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27-31 Somerset Avenue, Stadium Estate, Leicester, Leicestershire LE4 0JX

Lot no: 25 Recently Sold at Auction
 

Guide Price £245,000+ plus fees


Wednesday 18th November 2015

11.30am
Key Features
  • Mixed Use Investment Property
  • Large Shop/Hairdressing Salon
  • Two Flats to First Floor
  • Fully Let. Rental Income of £28,280 Per Annum
  • EPC Rating: TBC
  • EPC Rating: TBC
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Recently Sold at Auction

Mixed Use

Property Description:

A superb opportunity to purchase a freehold building comprising of a large shop/hairdressing salon to the ground floor and 2 x two bedroom flats to the first floor.
There is also a side driveway and rear yard.

The property is fully let out with a total income of £28,280 per annum.

The property is well located on the North side of the City in a densely populated residential area close to the Ring Road, A50, A6 and gives easy access to the motorway network.

Ground Floor

Large sales shop and hairdressing salon.

Let on a long lease till December 2025 at a rent of £17,000 per annum.

First Floor

Flat 1 – Two bedroom flat let at £425 pcm.

Flat 2 – Two bedroom flat let at £515 pcm.

Rear yard/garden

Side gated access leads to the rear.

Tenure:

Freehold.