The property is situated along Jackson Street within the town centre of Coalville. The immediate area consists of various local, regional and national businesses as well as a large residential catchment. Coalville lies approximately 13 miles north west of Leicester and 17 miles south of Derby.
The property comprises of a ground floor retail unit currently undergoing refurbishment to deliver a brand new cafe from March 2025. The first floor comprises of ancillary office/storage accommodation but could potentially be redeveloped into residential subject to obtaining necessary planning consents and regulations.
The entire property has recently been let on a brand new five year lease with effect from December 2024 at a passing rent of £9,600 per annum. Further details and information on the lease are available upon request.
The freehold interest subject to the existing lease is available at a guide price of £105,000. A purchase at this level could produce a net initial yield of 8.98% assuming acquisition costs of 1.8%.
Viewings are strictly through appointment.
For further information about this property listing you can download the brochure or contact Jonathan Barker on 07432 534 668 or by emailing jonathan@barkerproperty.uk
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