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For Sale£1,400,000.00

34 Apartment Conversion/Development Opportunity – Leicester

Offices, Hotels, Hotel, Residential, Licensed & Leisure
Property type: Offices, Hotels, Hotel, Residential, Licensed & Leisure
Tenure: Development Opportunity, Investment Opportunity
Price: £1,400,000.00
Location: 1-2 Belgrave Commercial Centre, 160 Belgrave Road, LE4 5AU
ADDRESS: 160, Belgrave Rd, Leicester, Leicestershire, LE4 5AU
• The site has planning for conversion into 34 Apartments-3 Studios, 21x I beds, 10x2 Beds
• Situated on the Golden Mile, a major arterial route with many local shopping and tourist attractions on the sites doorstep
• Planning permission for apart hotel also approved.
LOCATION
The city of Leicester, with a catchment population of approximately 475,000, is located in the East Midlands, some 20 miles south of Nottingham and 20 miles north-east of Coventry. The city benefits from good motorway access being within 2 miles north-east of the M1 (Junction 21) and M69 (Junction 1) motorways.
SITUATION:
The frontage of the property is on the Belgrave road at the heart of the Golden Mile, and within 1 km from the city centre
DESCRIPTION / ACCOMMODATION
The building was the Headquarters for the British Shoe Factory and main manufacturing plant. The offices above the shops on ground
floor now comprising 22034 sq ft have planning for 34 Apartments comprising 3 Studios, 21 one beds, and 10 two beds. The building
has generous access from the main street, with access from the rear.
TENURE: 999 year leasehold at a peppercorn rent
PRICE: Offers in excess of £1,400, 000
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