FOR SALE FREEHOLD - PROMINENT BUILD TO RENT / POTENTIAL PBSA OPPORTUNITY LOCATED IN THE HEART OF LEICESTER
CITY INDUSTRIAL UNITS, LEICESTER, LE1 3RE

Key Features

•  Build to rent opportunity
•  Potential for student accommodation scheme STPP
•  Prominent location with university catchment

Location

The site is located within walking distance of the main transport hubs in Leicester: Haymarket Bus Station (350m), St Margaret’s Bus Station (475m) and Leicester Railway Station on London Road (1.1km).

The opportunity can be found on the edge of the Central Shopping Core in Leicester, with easy access to the rest of the facilities that the City Centre has to offer. This includes the shopping amenities, services and evening life, major employers such as the two universities and the Leicester Royal Infirmary, office areas in New Walk and around the railway station, and The Curve theatre in the Cultural Quarter.

Access to the site can be reached from Lee Street, which is situated just behind Haymarket Bus Station, between Crecy Court and Thrifty vehicle hire premises

Accommodation

The 1,650 sq. m site comprises as existing a mixture of Class B1 (light industrial), B2 (general industrial) and B8 (storage and distribution) units arranged as 1 and 2 storey buildings. They share a common service yard with associated car parking that is accessed off Lee Circle and covers about 700 sq. m of the site. There is no landscaping and the entire site is impermeable. The planning permission obtained from the Leicester City Council under and is for the construction of a 6 and 7 storey building comprising of 92 flats (1 x Studio, 59 x 1 bed, 32 x 2 bed); substation; communal amenity space and facilities. There is no S106 agreement. PLANNING REFERENCE: 2021139. Proposed Gross Internal Area (GIA) is as follows:

Ground Floor	10,445.30 sq.ft ( 970.40 m2  )
First Floor	10,692.80 sq.ft ( 993.39 m2  )
Second Floor	10,592.70 sq.ft ( 984.09 m2  )
Third Floor	10,592.70 sq.ft ( 984.09 m2  )
Fourth Floor	10,592.70 sq.ft ( 984.09 m2  )
Fifth Floor	10,135.30 sq.ft ( 941.60 m2  )
Sixth Floor	7,292.50 sq.ft ( 677.50 m2  )
Total GIA	70,344.30 sq.ft ( 6535.20 m2  )

Lease Terms

The property is to be sold with vacant possession.

Price

Rates

The residential units will be subject to council tax banding.

Energy Performance Asset Rating

EPC Awaited

A+
A
B
C
D
E
F
G

VAT

Value Added Tax is not applicable in respect of this transaction.

Service Charge

Service charge is not applicable in respect of this transaction

Legal Costs

Each party to bear their own legal costs.

Viewing

Strictly by prior appointment with sole selling agents Taylor Freeman Kataria.

Contact:

Rajiv Kataria

Rajiv@cliffords-estates.co.uk

Ravi Kataria

Ravi@cliffords-estates.co.uk