*Single Storey Light Industrial Unit*
FOR SALE BY AUCTION: 7TH MARCH 2012
RESULT: LAST BID £20,000
AVAILABLE AT £21,000
This Lot Features....
- Single storey industrial unit
- Having electric & water installed
- Suitable for storage use
- Estimated rental income: £50 p/w (£2,600 p.a.) (12% Yield)
- Gross internal area = 502 sq ft (37.22 sq m) approx.
Location
The property can be approached leaving the City Centre via A50 Northgate Street, continuing along into A50 Frog Island then A50 Woodgate. Once on the main A50 Woodgate continue past Lidl Supermarket, at the traffic light junction turn left into Fosse Road North. At the next mini roundabout turn right onto Stephenson Drive, then first left into Beatrice Road. The unit is located at the end of the road on the left hand side behind the large industrial building.
Description
The unit comprises of a single storey storage/office space which can be accessed via single wooden door. There is vehicular access provided to the front of the unit. Internally the unit is made up of concrete flooring, fluorescent strip lighting, plastered & painted walls. There is a small toilet which can be accessed from inside the unit and the unit benefits from having both electrics & water installed.
Accommodation
Stores = 461 sq ft (18.32 sq m)
WC = 41 sq ft (3.80 sq m)
Total Gross Internal Area (Approx) = 502 sq ft (37.22 sq m)
Planning
We are verbally advised that the premises have consent for Storage Use. Interested parties should make their own enquiries by contacting the local authority.
Rent Achievable
£50 per week (£2,600 per annum) (12% Yield)
Tenure
Freehold with vacant possession.
Note
The completion date will be on or before eight weeks following exchange of contracts.
Price Guide
£20,000 - £25,000
Solicitors
Rajinder Singh & Co, 85 London Road, Leicester, LE2 0PS
Tel: 0116 254 5929 (Ref: R.S)
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