Property details
An opportunity to acquire a mixed-use investment property comprising of a ground-floor commercial unit (No. 74) and a three bedroom flat above (No. 74A).LOCATION
The property is situated on the corner of Nottingham Road and Queens, on the eastern side of the vibrant market town of Loughborough. Loughborough is a well-connected university town offering a wide range of amenities including shops, schools, pubs, churches, and a hospital. The location provides convenient access to the town centre and its facilities. The property also has excellent transport links, with the M1 motorway junction located approximately 4 miles away and approximately 0.3 miles (5 minute walk) away from the railway station.
NO. 74 (Commerical Unit)
GROUND FLOOR
Reception 4.90m x 4.0m
Hall 4.90m x 1.7m
Treatment room 3.9m x 3.0m
Toilet 1.8m x 0.9m
Store 2.9m x 1.9m
NO. 74A (the flat)
Please note that the property is in a selective licensing area of Loughborough and is currently licenced.
74a is accessed by external stairs from the rear yard leading up to the first floor living areas.
FIRST FLOOR
Kitchen 3.27m x2.62m
Living Room 4.67m 4.84m
Bathroom 1.13m x 3.26m with shower, toilet & hand basin
SECOND FLOOR
Bedroom one 5.1m x 2.9m with cupboard & loft access
Bedroom two 2.8m x 3.3m with cupboard
EPC
74 has an C EPC rating of C - valid until June 2031.
74a has an EPC rating of D - valid until January 2032.
TENURE
The property is freehold but subject to the following.
No. 74 is subject to a 1954 Act Commercial Tenancy - £ 6600/annum
No 74A (currently Vacant) but previously has been let with a rental income of £825/PCM.
GUIDE PRICE
The land is being marketed for offers in the region of £249,000.
METHOD OF SALE
The property is offered for sale via private treaty. The vendor reserves the right to conclude the sale by an alternative method if required.
VIEWING
All viewings to be made by prior appointment with Andrew Granger & Co.
FURTHER INFORMATION
For any further enquiries please contact the agents.
James Holgate BSc (Hons)
Andrew Granger & Co., 44-46 Forest Road, Loughborough, LE11 3NP
Tel: 01509 243720
Email: James.holgate@sheldonbosleyknight.co.uk
Copies of tenancy agreement can be made available upon receipt of offers.
COUNCIL TAX AND BUSINESS RATES
No. 74A is within Council Tax Band A.
No. 74. Business Rates are £4,650 (tenants responsibility).
TITLE
The property is registered with the Land Registry under title LT295573.
| Tax Band | % | Taxable Sum | Tax |
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Property location
Property Floorplan
