A rare opportunity to buy a Freehold combined Commercial and Residential property in Blaby.
Sedgeleys is ideally located at the pinnacle of Lutterworth Road with the commercial shop commanding a prominent position in this highly desirable shopping area. The town benefits from two large car parks.
PROEPRTYSUMMARY Sedgeley's is well known in the area and currently operates as an electrical retailer, which was founded in 1960.
The prospect of acquiring this prime plot and building will be of great interest to investors and developers alike, as the scope for development is extensive.
Currently this detached property is arranged over three floors and comprises of two commercial outlets, one with workshop and storeroom. Further storage is available in the cellar. To the first floor, there are two self-contained flats, which would be vacant to let on completion of sale.
With a potential revenue of £41,400 p.a. exclusive of rates, the property as it stands, could offer buyers an 8% yield.
BLABY Blaby is a vibrant and busy shopping area with great transport links locally and is also within easy distance of the M6/M69/M1/A5 and close to Hinckley and Leicester, as well as the nearby town of Lutterworth. Properties in the area are highly desirable due to their close proximity to quality shops and restaurants, with old and new parts of the town, effortlessly blending together, The infamous Bakers Arms Pub, dates back to 1484.
Development/ Investment opportunity
For Sale by Auction
Commercial & Residential property
High yield potential
Commutable location with easy access to Major Road Networks and Railway Stations
Interested parties should contact Bartram & Co Estate Agents Ltd- 01455 245555