The property comprises a freehold multi-let mixed-use investment, on a site of 0.25-acre, providing 6 commercial units, on the site of a former petrol filling station.
The property occupies a prominent position at the juncture of Cross Street and Broad Street in Enderby village centre, with multiple vehicular access points.
The commercial units form an ‘L-shape’ configuration around a central concrete forecourt, which houses a former filling station canopy. 5 of the units are within a single-story terrace beneath a flat roof, with glazed frontages. The 6th unit comprises a steel frame warehouse beneath a pitched and corrugated roof.
There are small external / garden areas to the rear of several of the units.
5 of the units are currently let, to a diverse range of occupants, including a car wash, taxi rank, tattoo parlour, laser clinic, tanning studio and hardware store.
Location
The property is located within the centre of the desirable village of Enderby, approximately 5 miles to the south-west of Leicester City Centre.
Leicester is the main commercial centre and administrative capital of Leicestershire. It is a rapidly growing city, with a population of approximately 369,000 (according to the 2021 census), rising by almost 12% over the last decade, outstripping the rate of growth in both the East Midlands and England as a whole. Its central location provides excellent connectivity by road, rail, and air.
Enderby is located just 3 miles from the M1 & M69 intersection, and benefits from regular Park & Ride bus services into the city centre, making it a popular commuter locality. Fosse Park, one of the UK’s largest out- of-town shopping parks, is also proximate, being within a 5-minute drivetime.
The property occupies a prominent position within the village centre. There are various local amenities within walking distance of the property, including Co-Op food store, public houses and food / beverage outlets, Enderby Leisure & Golf Centre, Brockington College and Enderby Danemill Primary School.
Accommodation
Site Size - 0.25 acres
A full measured survey of the property has not been undertaken.Interested parties will need to rely on their own enquires.
Terms
Tenure - The property is held freehold under title no. LT126731.
Offers - Offers in the order of £625,000 invited for the freehold interest.
Tenancy - We understand that the property is let as follows:
Car Wash - £19,200 pa
Unit 1a - Taxi Rank - £4,800 pa
Unit 1b - VACANT
Unit 2 - Tattoo Parlour - £6,240 pa
Unit 2a - Laser Clinic - £4,560 pa
Unit 3 - Hardware Store - £3,600 pa
3-4 Cross Street - Tanning Salon - £8,400 pa
Total - £46,800 pa
Business Rates - There 4 are a series of assessments pertaining to the property. Futher details can be found within the Marketing Pack. Interested parties are to rely on their own enquiries.
EPC - Copies are available within the Marketing Pack.
Planning - We understand the property has consent for its existing use.
The site offers redevelopment and alternative use potential, having previously secured consent (under reference 05/0329/1/PX) for ‘Erection of 16 No. flats and 1 No. retail unit with associated parking and access onto Broad Street (to include demolition of existing filling station and workshop).’
Whilst the consent has since expired, a renewed application was submitted in 2023 (reference 23/0316/FUL). Further supporting detail can be found within the Marketing Pack. Interested parties are to rely on their own enquires with the local authority in respect of the property’s planning position.
Services - We understand all mains services are connected to the property however none have been tested. Interested parties are to rely on their own enquiries.
VAT - Prices are quoted exclusive of VAT.
Marketing Pack - A Marketing Pack containing additional property information is available upon request.
Specification
- Freehold multi-let mixed-use investment producing £46,800 p.a.
- Former petrol filling station on 0.25 acre site
- Asset management and rental uplift potential
- Affluent village location
- Alternative use and redevelopment potential, with permission previously secured for 16 flats and retail unit
- Excellent motorway access via M1/M69 intersection less than 3 miles distant
- Offers in the order of £625,000 invited for the freehold interest