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45-47 Bell St
Wigston LE18 1AD
Retail Property For Sale · 1,499 SF
Investment Highlights
- Located in a popular pedestrianised position in the town centre
- Refurbished to a high standard throughout
- Producing a current income of £16,800 per annum
Executive Summary
Wigston is a major satellite area of the Greater Leicester conurbation, situated some 4 miles south of Leicester City Centre. The location is convenient for Leicester's Ring Road (A563) which provides access to Junction 21 of the M1 / M69 motorways, some 3 miles to the west, as well as to the major arterial routes around the City. The premises occupies a frontage position on Bell Street close to the Sainsbury's supermarket and opposite the Specsavers opticians, within 40 meters of the junction of Bull Head Street. There are other major traders nearby such as Boots, Card Factory and Santander. Bell Street is pedestrianised in this particular section and enjoys strong pedestrian flow from the car parks accessed from Paddock Street, Frederick Street and Wakes Road.
PROPERTY FACTS
| Unit Size | 765 SF | Sale Type | Investment |
| No. Units | 1 | Floors | 3 |
| Total Building Size | 1,499 SF | Typical Floor Size | 500 SF |
| Property Type | Retail (Condo) | Year Built | 1970 |
| Property Subtype | Storefront | Lot Size | 0.03 AC |
| Unit Size | 765 SF |
| No. Units | 1 |
| Total Building Size | 1,499 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Floors | 3 |
| Typical Floor Size | 500 SF |
| Year Built | 1970 |
| Lot Size | 0.03 AC |
1 Unit Available
Unit 45
| Unit Size | 765 SF | Sale Type | Investment |
| Condo Use | Retail | Tenure | Freehold |
| Unit Size | 765 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
Description
The subject property comprises a three-storey semi-detached building of traditional rendered brick construction beneath a pitched tiled roof, which has been configured to provide a ground floor retail unit with a self-contained office premises over the upper floors. The ground floor retail element has been fitted with a metal framed shop front incorporating double doors, whilst the upper floors encompass uPVC double glazed windows. Internally, the ground floor retail element provides flexible sales accommodation to the front of the accommodation with a kitchenette and WC to the rear. The unit has been renovated to a very high standard to include; suspended ceilings with inset LED lighting, painted and plastered walls and wooden floor coverings. The upper floor office accommodation is accessed via a doorway to the rear of the building, approached by way of a gated alleyway adjacent to the property. This element has been configured to provide a number of offices together with a kitchen and WC / shower facilities. The accommodation is effectively arranged as a 1 bedroomed residential flat and benefits from prior approval being granted to convert the element to a residential use. Externally to the rear there is a shared garden.
Sale Notes
The freehold interest is available at a purchase price of £210,000, which reflects a gross yield of 8.00%.
Interior Photo
Interior Photo
Interior Photo
Amenities
- Storage Space
