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Agent's details

Nile House, Leicester Road, Lutterworth, Leicestershire, LE17

For sale: £110,000.00|To rent: £10,000.00 Per Annum|680 Sq Ft|Office, Retail - High Street, Offices, Retail

Property details

FOR SALE£110,000.00
TO RENT£10,000.00 Per Annum
SIZE680 Sq Ft
ADDRESSNile House, Leicester Road, Lutterworth, Leicestershire, LE17
TYPEOffice, Retail - High Street, Offices, Retail
TENURETo Let, For Sale Freehold
POSTED ON11th October 2021

Description

For Sale/To Let
Office/retail premises for a variety of uses

Description

The property comprises a detached single storey retail unit constructed in circa 2004. The single storey building is of brickwork construction and surmounted by a pitched slate roof.

Internally, the unit has been finished to a very high specification to include heating, air conditioning, kitchenette, shower and toilet facilities with perimeter trunking and carpeted flooring.

Fronting the unit is a tarmacadam car park which is demised to the premises for private parking and is secured by metal fencing and gates.

The GIA 63.21 sq. m. (680 sq. ft.) to include kitchen and toilet facilities.

The subject property is located on the edge of Lutterworth Town Centre in an established retail and commercial position fronting the main Leicester Road. The building, which is in excellent order provides opportunities for a variety of passing trades, which would be suitable under an 'E' use class. The site offers excellent access to the M1 north and south with Leicester Road being approximately 10 miles distant.

Lutterworth is a market town and in the civil parish of the Harborough district of Leicestershire. The town is located in southern Leicestershire with its close boarders being with Warwickshire and Northamptonshire.

As at the 2011 Census Lutterworth has a population of 9,535. The close proximity of Magna Park and other significant local employers means that Lutterworth has continued to grow and is due to expand even further over the coming years and offers great potential for the future.


Price

The property is available with vacant possession or to let by way of a full repairing and insuring lease.

Offers are invited in the region of £110,000 freehold or £10,000 per annum to rent based on a lease term of 3 years on full repairing and insuring terms.


Utilities

We are advised that all mains services are connected to the property, including mains water, drainage, gas and electricity and confirm that the tenant/freehold owner will be responsible for all services from the date of access.

We would, however, advise interested parties to undertake their own enquiries as to the adequacy and availability of these services, which have not been tested or verified by Howkins and Harrison.


Business Rates

Under the 2017 rating list, the property is currently at a rateable value of £6,800. The property therefore qualifies for 100% business rates relief on the assumption that the occupier qualifies for the same.

For clarification on business rates, we would advise that interested parties make their own enquiries at the planning department of Harborough District Council on 01858 821100.


Planning

If the property is let, the ingoing tenant will be responsible for the Landlord's reasonable legal costs incurred in the transaction.

Viewings

Strictly by prior appointment with sole agents Howkins and Harrison LLP on 01788 564678.

Please contact David Grove MRICS
david.grove@howkinsandharrison.co.uk

( Agency Pilot Software Ref: 2160 )

Location

marker
Location: Nile House, Leicester Road, Lutterworth, Leicestershire, LE17

Rugby (6.2 miles)

Narborough (7.6 miles)

South Wigston (8.9 miles)

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