Swan Street, Loughborough, LE11 3EA

Investment

Property Overview


Address
31-32 Swan Street, Loughborough, Leicestershire, LE11 3EA
Property Type:
Investment
Sale Price:
£395,000
Income:
£27,750
Yield:
6.72%

Property Agent

Swan Street, Loughborough, LE11 3EA

Property Description

The property comprises a ground floor sales area currently used as an amusement arcade with ancillary first floor sales and stores currently used as office and ancillary space and second floor stores and office.

Tenure
The property is held on a lease for a term of 15 years by Praesepe Plc, formerly Thomas Estates Ltd, from 25 June 2012 subject to 5 yearly upward only review, current rental £27,750 per annum, copy counter-part lease together with original lease of 1993 available on request.

Price
Guide price £395,000 (three hundred and ninety five thousand pounds) reflecting an approximate yield of 6.72% allowing forpurchaser’s costs of 4.5%.

Property Agent


Mather Jamie

01509 233 433


Enquire About this Property



Property: Swan Street, Loughborough, LE11 3EA.
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