88, KILBY ROAD, FLECKNEY, LE8 8BN
This is an excellent opportunity to acquire a mixed commercial and residential investment in the popular and expanding village of Fleckney. The property will have a rental income of £12,950 per annum with the asking price reflecting a gross yield of 7.4%. The shop and flat are both in very good order and there is an attractive garden to the rear. The property falls within the new planning Use Class E which means that it can be used for a range of purposes. Each part of the building has an EPC rating of D.
£175,000
Call 0116 242 9933 for further information SITUATION The property is situated on the south side of Kilby Road in the village of Fleckney. Heading north out of the village, take the first exit at the roundabout and the property can be found after about 1/4 mile on the left‐hand side.
LOCATION Fleckney is a popular and expanding village with a population of approximately 5,000 people and is located approximately 8 miles south of Leicester city centre. The village is situated between the A5199 (formerly A50) Leicester to Northampton Road and the A6 Leicester to Market Harborough Road thus enjoying good road communications.
Fleckney has all the amenities and facilities one would expect for a village of its size and with a large and successful industrial estate.
DESCRIPTION The property comprises an attractive and well‐maintained former terraced dwelling‐house which has been converted to create ground floor offices and a self‐contained, one‐bedroom flat above and a garden to the rear.
The ground floor includes a large front office with two meeting rooms and a kitchen/staff area to the rear while the first floor flat has a lounge, double bedroom, kitchen and bathroom.
ACCOMMODATION The ground floor has a net internal floor area of 51.1 sq. m. (550 sq. ft.)
SERVICES The property is connected to all mains services and the accommodation has electric heating throughout. PLANNING The ground floor falls under the new planning use E which covers retail shops, financial and professional services, offices, restaurants and cafes, clinics, health centres, creches and the like and changes of use within the class can be completed without the need for a planning application.
BUSINESS RATES The property is described in the 2027 Rating List as Shop and Premises with a Rateable Value of £4,350.
Under current regulations, and subject to conditions, no Business Rates are currently payable.
COUNCIL TAX The flat is valued within Band A for Council Tax purposes.
TENANCIES The flat is let under an Assured Shorthold Tenancy for 6 months from 26th September at a rent of £475 per calendar month.
The flat lettings have been managed for over 10 years by Andrew Granger & Co.
The current owner also occupies the ground floor offices and is willing to take a lease of this accommodation at a rent of £7,250 per annum for up to 12 months if required by the purchaser.
PRICE £175,000 ENERGY PERFORMANCE CERTIFICATES The offices have an EPC rating of 96(D) and the flat is rated as 61(D).
LEGAL COSTS Each party will be responsible for their own costs incurred in respect of the transaction.
VALUE ADDED TAX VAT is not payable on the purchase price. VIEWINGS Strictly by arrangement with Andrew Granger & Co on 0116 2429933. Contact Kevin Skipworth at email address [email protected] LOCATION
Andrew Granger & Co is the trading name of Andrew Granger & Co Ltd. Registration No. 09298477. Registered office: Phoenix House, 52 High Street, Market Harborough, Leicestershire LE16 7AF. Andrew Granger & Co for themselves and the vendors/lessors of this property whose agents they are give notice that:- 1. Prospective purchasers/tenants should note that no statement in these details is to be relied upon as representation of fact and prospective purchasers/tenants should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained. These particulars do not form part of any contract. 2. Please note that no appliances, services or installations have been tested and no guarantee as to condition or suitability is confirmed or implied. Prospective purchasers/tenants are advised to obtain verification from their surveyor or solicitor. Contents, fixtures & fittings are excluded, unless specially mentioned within these sales particulars. 3. All measurements mentioned within these particulars are approximate. Photographs are also provided for guidance purposes only. 4. No person in the employment of Andrew Granger & Co has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars nor enter into any contract relating to the property on behalf of the vendors/lessors. 5. Site plans and floor plans are for guidance purposes only and are not to scale and should not be relied upon as a statement of fact. If Ordnance Survey maps are provided, it has the permission of the controller of H.M.S.O. Crown Copyright reserved, Licence No. 100003828. 6. Any reference to the use or alterations of any part of the property does not imply that the necessary planning, building regulations or other consents have been obtained. It is the responsibility of a purchaser or lessee to confirm that these have been dealt with properly and that all information is correct.