16 & 17 Churchgate, Loughborough

16 & 17 Churchgate, Loughborough

£520,000 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)

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. Good road and rail links to surrounding towns and cities, with the M1, M42 and M69 / M6 all within a 20-mile radius and direct rail access to St Pancras station.

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

16 Churchgate - Commercial space (763 sq ft)- Let to Absolute Finesse - £11k per annum - Holding over currently
17 Churchgate - Commercial space (340 sq ft) - Let to The Gate Barbers - £7,500 per annum - Holding over currently
Both commercial tenants are due to sign new 6-year lease terms with 3-year breaks in 2023. 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

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

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

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