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Showroom & Warehouse Premises, Alternative Use & Redevelopment Potential, Ashby Road Central, Loughborough, LE12 9EF

11,085 Sq Ft / Industrial / Land/Development

For Sale - £1,700,000.00

Available - Last updated: 30 January 2025

PROMINENT VACANT FREEHOLD SHOWROOM AND WAREHOUSE WITH ALTERNATIVE USE & REDEVELOPMENT POTENTIAL

The property comprises a vacant freehold showroom and warehouse, previously utilised for the sale and servicing of caravans and motorhomes, totalling approx. 11,085 sq. ft.G.I.A. on a site area of 1.83 acres.

There are two access points off Ashby Road and Charnwood Road leading to a large secure yard and car parking.

The showroom faces the Ashby Road and is of single bay, traditional red brick construction, and has a pitched corrugated asbestos truss roof with translucent light panels. It provides open plan retail accommodation with ancillary offices, stores, kitchenette and WCs. There is a mezzanine floor providing additional storage. There is double glazing throughout and a concrete floor. The minimum eaves height of the showroom is approx. 4m.

The warehouse faces Charnwood Road and is of similar construction to the showroom. It is subdivided internally providing warehouse and workshop accommodation. It has uPVC doubled glazed and crittall windows to the warehouseand workshop respectively, and a painted and screeded concrete floor.  Access is via a uPVC double glazed door to the south and loading is via five roller shutters to the east elevation leading to the main yard. There is an ancillary office and WC within the workshop. The minimum eaves height of the warehouse is 4m. There is also a standalone prefabricated garage of concrete construction with timber framed pitched roof and concrete floor.

Location

The property is prominently located on the A512 Ashby Road, approx. 1 mile south of Shepshed and 3.5 miles west of Loughborough. The A512 Ashby Road is a key arterial route connecting J23 of the M1, less than 0.5 mile to the east, and J13 of the A42 (M42) approx. 7 miles to the west.

The property occupies a highly visible roadside location on the junction of Ashby Road Central and Charnwood Road, and is adjacent to Gelders Hall Industrial Estate.

The property has access points off both Ashby Road Central and the Charnwood Road. There is a bus stop directly opposite the Charnwood Road entrance providing regular services to and from Shepshed, Loughborough, and Nottingham.

The immediate area comprises a mix of light industrial, dealership and warehouse property. There is limited retail provision within the local area which makes this site ideal for the development of trade counter, dealership or convenience retail property.

Local occupiers include Aldi, Screwfix, Shepshed Ford, Parker Meggitt, and Manheim Commercial Auctions.

Accommodation

The property provides the following approximate grossinternal floor areas:

Showroom (incl. WCs) - 370.24 sq m (3,985 sq ft)

Offices (incl. kitchenette) - 57 sq m (614 sq ft)

Mezzanine Storage - 100.29 sq m (1,079 sq ft)

Warehouse and Workshop (incl. office and WCs) - 502.29 sq m (5,407 sq ft)

TOTAL - 1,029.82 sq m (11,085 sq ft)

The total site area is approx. 1.83 acres equating to a site cover of approx. 13%.

Terms

TITLE - The property is held freehold under title no. LT348958. Copies of the title documents are included within the Marketing Pack.

PLANNING - We understand the property has planning consent for its existing use as a showroom. Interested parties are to rely on their own enquiries with Charnwood Borough Council.  We understand the property previously had planning consent for A1 (Shops – including Food Retail) and A3/A5 (Restaurants and cafes/Hot Food Takeaway) use.

ASSET MANAGEMENT AND REDEVELOPMENT - The strategic roadside location of the property, large site area, and low site cover offer various extension, development and alternative use options subject to planning.  The property may be of particular interest to dealership, trade counter, and convenience retail/food store occupiers.

BUSINESS RATES - The property is assessed as follows:

Rateable Value: £61,000

Description: Vehicle Repair Workshop and Premises

Rates Payable (24/25): £33,306 p.a (based on 54.6p in the £)

Interested parties are to rely on their own enquiries with Charnwood Borough Council.

PRICE - Offers invited in the order of £1.7M

EPC - A copy of the EPC is included within the Marketing Pack.

SERVICES - We understand that all mains services are connected, but none have been tested. We are advised that the units benefit from independent mains services.  Interested partiesare to rely on their own enquiries.

OFFERS - Each party to be responsible for their own professional costs incurred in the transaction.

MARKETING PACK - A Marketing Pack with additional information is available upon request.

Specification

  • Vacant freehold showroom and warehouse previously utilised for the sale and servicing of caravans and motorhomes
  • Strategic highly visible roadside location on key arterial A512 Ashby Road
  • Approx. 11,085 sq ft GIA on 1.83 acres
  • Large secure yard and low site cover of approx.. 13%
  • Excellent asset management potential including extension and redevelopment STP.
  • Change of use to trade counter, dealership or convenience retail STP.
  • Offers invited in the order of £1.7M

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the order of For Sale Freehold £1,700,000.00 NA

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Contact agents

Toby O'Sullivan

Watling Real Estate

0121 369 0082

Ben Holyhead

Watling Real Estate

0121 369 0093

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