Residential development

Sold for £400,000 For Sale by Public Auction on22/07/2021

Location:
The site is located on the A6, a main arterial route approximately
2 miles to the north of Leicester City Centre and half a mile south from Red Hill Circus. The surrounding area is mixed with mainly residential development to the east and south with retail/commercial fronting Abbey Lane.

Description:
The property currently comprises a single storey former car wash of approximately 1,400 sqft on a site area of 0.2 acres. The site has planning permission for the demolition of the existing building and the erection of a 3 storey property providing 9 self contained flats with associated parking.

Planning:
Planning permission has been granted for the demolition of the building and the construction of a 3 storey residential building to provide 9 self contained flats (3x2 bedroom, 5x1 bedroom and one studio apartment) with associated parking.
Planning Permission No. 20181322 dated 14.03.2019.
Local Authority: Leicester City[use Contact Agent Button].

Note
The estimated rental value of the completed development is in the region of £69,500 pax.

Tenure
Freehold.

Solicitors
Straw & Pearce, 18 Rectory Place, Loughborough LE11 1UU
[use Contact Agent Button] ~ Ref: P Baker