220 Melton Rd 527 SF 100% Leased Retail Building Leicester LE4 7PG $510,718 ($969.11/SF)
INVESTMENT HIGHLIGHTS
- Fully tenanted building
- Primer retail/residential location
- Close to public transport
EXECUTIVE SUMMARY
The freehold investment interest of the building is available for sale at £385,000.
The ground floors produces £15,000.00 per annum with a lease expiry in 2037 and review in 2027.
The 1st floor residential flat (4 bed) produces £850.00 per calendar month (rent reviewed to £950.00 starting 01/07/2024), currently on 12 months fixed term expiring 31/12/2024.
The ground floors produces £15,000.00 per annum with a lease expiry in 2037 and review in 2027.
The 1st floor residential flat (4 bed) produces £850.00 per calendar month (rent reviewed to £950.00 starting 01/07/2024), currently on 12 months fixed term expiring 31/12/2024.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
527 SF
Building Class
C
Year Built
1960
Price
$510,718
Price Per SF
$969.11
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
AMENITIES
- Bus Line
- Signage
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Mohsin Adam - Platinum Homes
