99 & 99a Knighton Fields Road West, Leicester, LE2 6LH

Location

The property comprises a mixed-use, semi-detached dwelling of brick construction comprising warehouse accommodation and three residential flats.

To the left-side, a former joiners workshop of predominantly open-plan proportions with corrugated monopitch roof over offering heights of 3m – 3.8m with concrete flooring throughout, fluorescent-strip lighting, gas blower heater, and three-phase electrics with access provided via double doors to the front of the property. We attribute an ERV of approximately £15,000 PA exc. to this section.

To the right, entranceway to three independently serviced one-bedroom flats, all offering vacant possession and in need of some renovation, providing a value-add opportunity for any prospective purchaser. We envisage a true ERV of approx. £650 PCM per flat following completion of expected works.

Externally, a block-paved forecourt provides parking for up to three vehicles.

Summary

Key points

• REDUCED PRICE
• Three self-contained flats
• Residential ERV: £21,000 PA
• Gross ERV (Whole): £36,000 PA (10.3% GIY)
• Forecourt parking

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