15-25 Rutland Street And 127-129 Charles Street, Edward Building, Leicester, LE1 1RB

Location

An imposing three and four-storey property, providing four retail outlets on the ground floor, together with upper floor residential accommodation. The building is constructed in brickwork under a flat roof with uPVC replacement windows throughout.

The retail element all have significant profile onto either Rutland Street or Charles Street, and provide a range of different sized units, some with substantial basement storage / offices.

The upper floors provide a mixture of good quality single and two bedroom apartments, together with bathroom and kitchen facilities. The extent of the accommodation is outlined below.

Summary

Key points

• Leicester City Centre location
• 11 one and two bed apartments, together with 3 units
• Current income £132,000 pa, which would rise to £157,200 pa when the retail unit and Flat 3 are let
• Purchase price: in the region of £2m to show a purchaser a gross yield of 7.86%, when fully let

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