property
A mixed use property comprising of a large ground floor retail space (formerly two shops) which was last used as a bakery and cake shop and is now vacant. Two duplex maisonettes above are currently let and producing £9960 per annum. Well located in the centre of Aylestone on the main through route to Leicester City Centre and being close to the motorway network.
An excellent investment property which has an estimated income of £20-£25,000 when fully let. There is also scope to turn the ground floor into two self-contained flats, subject to planning.
Ground Floor Shop
The ground floor was originally two shops but was converted to one large space. This can easily be converted back to two units if desired.
The unit has a large front sales area, stud walling separates a rear preparation area. Two separate toilets which would serve both units if converted back to two shops. Main shop area 11m x 10m approx. Total ground floor area of approx. 120sq/m.
First Floor and Second Floor
To the upper floors are two self-contained masionettes which are currently let out to long term tenants. 743a is let on a protected tenancy at £380pcm with tenants in-situ since 1981 and 743 is let at £450pcm on an assured shorthold tenancy with the tenant in residence for over 5 years, There is a large terrace to the first floor for the tenants use.
743 Aylestone Road – Two Bed Maisonette
Rec hall, lounge/diner, kitchen, stairs and landing, two bedrooms and bathroom.
743a Aylestone Road – Two Bed Maisonette
Rec hall, lounge/diner, kitchen, stairs and landing, two bedrooms and bathroom.
Outside
There is a side pedestrian access to the rear leading to a garden and yard area with concrete store and steps leading to a large first floor sun terrace.
Viewing details
By appointment with the auctioneers - 0116 254 9654
Mixed Use Investment
Large shop and 2 Flats
Flats let at £9960 per annum
Shop Vacant
Excellent Location
