* Freehold
Readings Property Group are pleased to bring to market a mixed use investment
opportunity which consists of a ground floor retail premises and first floor
one bedroom flat,
The flat is currently occupied on an AST and producing an income of £6, 900 per
annum inclusive of bills. The retail element is currently available to lease
at a rental of £7, 000 per annum.
Once fully let, the total estimated income will be £13, 900 per annum, which
produces a gross yield of approx 8%.
**Location & Description**
The subject property is located fronting Wood Street in Earl Shilton town
centre and opposite the Station Road junction. Nearby occupiers include Earl
Shilton Building Society, Wood Street Opticals, Earl Shilton Libarary,
Domino's Pizza and the Co - Operative Supermarket.
The premises is a ground floor retail shop with a first floor one bedroom
flat, . The retail premises has been recently occupied by Newton Fallowell
Estate agents.
**Terms**
The property is on the market for offers in teh region of £159, 950
**Accommodation**
The property comprises of a ground floor retail premises with self contained
first floor living accommodation.
Ground Floor Retail
Office, sales area and kitchen. Approx 29. 6 sqm (318 sqft)
First Floor Flat
Kitchen, bathroom, bedroom, living room with a total area of approx 35 sqm
(376 sqft)
**Planning**
Taking in to consideration the previous user, we believe the current planning
use on the ground floor would fall under Class E.
We have been advised that the first floor living accommodation has the
necessary planning consents.
We would advise all interested parties to make their own enquiries and not
solely rely on information we have provided
**Rating & Council Tax**
Rateable value as of 1st April 2023: £2, 000
Rates payable 2022/23: Tbc
Prospective tenants are required to confirm rates payable with the local
authority and make their own enquiries regarding small business rates relief.
The First Floor Flat is Council Tax Band A.
**Energy Performance**
Energy Rating:
Ground Floor Retail - 'E' (122)
First Floor Flat - 'E' (52)
**Vat**
We understand VAT is not applicable.
**Services**
Mains Water, Gas and Electric are available. We understand the services are
shared. Central heating is only provided to the first floor.
**Legal Costs**
The ingoing tenant will be responsible for the landlord's reasonable legal
costs for the preparation of the lease.
**Application & Referencing**
All applications will be subject to the relevant checks.
**Viewings**
Strictly by appointment with sole agent, Readings Property Group, 48 Granby
Street, Leicester LE1 1DH (Hassan Gaffar & Ashley Sutton).
**Agents Notes**
Consumer protection legislation - These letting details have been written to
conform to Consumer Protection Legislation. Whilst we endeavour to make our
Details accurate and reliable, if there is any point of particular importance
to you, please contact the office and we will check the information for you,
particularly if contemplating travelling some distance to view. Measurements
are given in good faith and whilst believed to be accurate these should be
checked by the prospective tenant for verification. The measurements are
carried out in accordance with the RICS and isva code of measuring practice.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: