12-16 Western Rd - Storefront Retail/Residential FOR SALE


Leicester, LEC LE3 0GA
$450,000 USD
116-497-6748
12-16 Western Rd, Leicester, LEC for Sale
$450,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | 7.7% Cap Rate

12-16 Western Rd
Leicester, LEC LE3 0GA


HIGHLIGHTS

  • High profile location
  • Mixed use opportunity
  • 1 mile of Leicester city centre

OVERVIEW

£450,000 which reflects a net initial yield of 7.7%, allowing for Purchaser's costs (4.75%) and 15% non recoverable costs on the residential income. Retail component comprises £11,000 rent p.a., with residential units above comprising £29,640 rent p.a. Property is a mixed use investment comprising a ground floor retail unit and 3no. residential apartments.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

LT12274

ASK ABOUT THIS PROPERTY

Will ShattockAPB (Leicester) LLPMore Info
116-497-6748

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Will ShattockAPB (Leicester) LLPMore Info
116-497-6748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.