16 & 17 Churchgate, Loughborough

16 & 17 Churchgate, Loughborough

£495,000 OIRO

Property Details

  • Ref: 143692
  • Availability: Available

Full Details

16 & 17 Churchgate comprise 2 properties - one 2 storey and one 3 storey property, with commercial units on the ground floor and 4 residential units on the first and second floors. The properties are brick built and under pitched tiled roofs.
(P&F commercial have not inspected the residential accommodation)

Location
This mixed use Investment is located just off the main pedestrianised town centre of Loughborough.
The town has a population in the region of 60,000 making it the largest settlement outside of the County capital of Leicester. The Town lies on the A6 and is approximately midway between Leicester and Nottingham. Loughborough is home to Loughborough university, an excellent facility that boasts one of the largest sports scholarship schemes in the UK.

Viewings
Strictly by prior appointment via the sole agents P & F Commercial Tel: 01664 431330 or via email office@pandfcommercial.com

Accommodation
16 Churchgate - Commercial space (763 sq ft)- Currently available £12,000 pa
17 Churchgate - Commercial space (340 sq ft) - Let to The Gate Barbers - £7,500 per annum - Holding over currently
The Barbers are due to sign a new 6-year lease terms with 3-year breaks in 2024. These will be on internal repairing and insuring leases. No. 17 has benefitted from a new roof in the last 3 years.
Residential income: -
Flat 16a Churchgate - £476.66 pcm
Flat 16b Churchgate - £433.33 pcm
Flat 16c Churchgate - £466.66 pcm
Flat 4 16 Churchgate - £866.68 pcm

Services
We are advised that all main services are connected to the property. These services have not been inspected or tested by the agent.

Terms
For Sale freehold - Subject to tenants - leases available upon request.

Outgoings
Commercial unit 16 - £9900 per annum rateable value. Commercial unit 17 - £6700 per annum rateable value
All tenants are responsible for rates payable.

Available Area

Name/FloorSq FtSq MAvailability
b 2 Buildings - Investment For sale2,000185.81Available