Cross St
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Cross St
1,797 SF 100% Leased Retail Building Leicester LE19 4NJ $796,777 ($443/SF)
Investment Highlights
- Freehold multi-let mixed-use investment producing £46,800 p.a.
- Excellent motorway access via M1/M69 intersection less than 3 miles distant
- Former petrol filling station on 0.25 acre site
- Alternative use and redevelopment potential, with permission previously secured for 16 flats and retail unit
Executive Summary
Offers in the order of £625,000 invited for the freehold interest
We understand the property has consent for its existing use. The site offers redevelopment and alternative use potential, having previously secured consent (under reference 05/0329/1/PX) for ‘Erection of 16 No. flats and 1 No. retail unit with associated parking and access onto Broad Street (to include demolition of existing filling station and workshop).’ Whilst the consent has since expired, a renewed application was submitted in 2023 (reference 23/0316/FUL). Further supporting detail can be found within the Marketing Pack. Interested parties are to rely on their own enquires with the local authority in respect of the property’s planning position.
We understand the property has consent for its existing use. The site offers redevelopment and alternative use potential, having previously secured consent (under reference 05/0329/1/PX) for ‘Erection of 16 No. flats and 1 No. retail unit with associated parking and access onto Broad Street (to include demolition of existing filling station and workshop).’ Whilst the consent has since expired, a renewed application was submitted in 2023 (reference 23/0316/FUL). Further supporting detail can be found within the Marketing Pack. Interested parties are to rely on their own enquires with the local authority in respect of the property’s planning position.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Service Station
Building Size
1,797 SF
Year Built
1971
Price
$796,777
Price Per SF
$443
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
61 FT on Cross St
Amenities
- Dedicated Turn Lane
- Storage Space
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Watling Real Estate
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Cross St
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