FOR SALE - Mather Jamie
FOR SALE Student & Retail Investment Premises 925.75 m² (9,961 ft²) 38 En Suite Bedrooms
Devonshire House Devonshire Lane Loughborough LE11 3DF
01509 233433
LOCATION
BUSINESS RATES
Devonshire Square is located south of Loughborough’s Market Place via Cattle Market. The property itself adjoins Devonshire Lane and the Granby Street car park as shown on the location plan.
Local Authority:
DESCRIPTION
PRICE
Former Mill premises converted to provide self-contained Student apartments providing en suite letting bedrooms targeted at the Student market with ground floor retail/office accommodation.
£1,250,000 (one million thousand pounds).
ACCOMMODATION
The premises are let on the following leases:
Ground Floor (RETAIL) Gentleman’s Hairdressers Wine Bar Travel Agent
17.18 m² 162.57 m² 214.00 m²
(195 ft²) (1,750 ft²) (2,300 ft²)
Total Net Internal Area
393.75 m²
(4,235 ft²)
192.00 m²
(2,067 ft²)
1st Floor (Bed Spaces) Living Accommodation Total Net Internal Area 2nd Floor (Bed Spaces) Living Accommodation Total Net Internal Area
Alex M Reid MRICS [email protected] [S1043]
Please make enquiries to Charnwood Borough Council, Tel: 01509 263151
two
hundred
and
fifty
TENURE
Unitravel
£20,500 per annum exclusive – lease dated 10 June 2009 – term of 10 years from 1 May 2009 expiring 30 April 2019
G7 Bar
£7,800 per annum exclusive – lease held for a term of 3 years from 7 August 2014to Mr P Odedra
Hair by Richard
£6,000 per annum exclusive – lease dated 16 April 2014 term 27 April 2015 to 26 April 2018
General Note: Unitravel in occupation 12 years and Hair by Richard approximately 14 years. 169.00 m²
(1,815 ft²)
3rd Floor (Bed Spaces) Living Accommodation
Student Letting rooms:
Total Net Internal Area
171.00 m²
(1,844 ft²)
TOTAL AREA
925.75 m²
(9,961 ft²)
NB:
CONTACT: EMAIL:
Charnwood Borough Council
Upper floor areas provided by Vendor
PLANNING We understand established planning permissions are in place for all the retail and residential uses on site. Interested parties should advise Charnwood Borough Council with any queries.
18 rooms currently let at £368.33 per calendar month all inclusive 20 rooms available Potential income from student lettings £167,958.48 per annum assuming annual tenancies
PLANNING Established mixed retail and student dwellings.
EPC’s & leases available upon request
re4
01509 233433
MATHER JAMIE Chartered Surveyors 3, Bank Court Weldon Road, Loughborough Leicestershire LE11 5RF tel: 01509 233433 fax: 01509 248900 email: [email protected] website: www.matherjamie.co.uk IMPORTANT INFORMATION All statements contained in these particulars are provided in good faith and are believed to be correct. Their accuracy is not guaranteed nor do they form part of any contract or warranty. Prospective purchasers should note the following: 1. All dimensions, distances and floor areas are approximate and are given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the figures given. 2. Information on tenure/tenancies and possession is provided in good faith. We recommend prospective purchasers have this information verified by their solicitors prior to completion of any purchase/letting. 3. Information relating to Town and Country planning matters and the availability of services has been obtained by verbal enquiry only from the appropriate Local Authority. 4. Mather Jamie do not warrant that there are no connection charges in the availability of services to the property and furthermore prospective purchasers/tenants should obtain written confirmation prior to entering into contract for purchase or lease from the relevant companies. 5. We have not tested on services, central heating installations, plumbing installations or electrical installations and therefore the prospective purchaser/lessee should undertake independent investigations as to condition of all services and mechanical/engineering installations.
W121 Printed by Ravensworth Digital 0870 112 5306
Devonshire House Devonshire Lane Loughborough LE11 3DF
01509 233433
LOCATION
BUSINESS RATES
Devonshire Square is located south of Loughborough’s Market Place via Cattle Market. The property itself adjoins Devonshire Lane and the Granby Street car park as shown on the location plan.
Local Authority:
DESCRIPTION
PRICE
Former Mill premises converted to provide self-contained Student apartments providing en suite letting bedrooms targeted at the Student market with ground floor retail/office accommodation.
£1,250,000 (one million thousand pounds).
ACCOMMODATION
The premises are let on the following leases:
Ground Floor (RETAIL) Gentleman’s Hairdressers Wine Bar Travel Agent
17.18 m² 162.57 m² 214.00 m²
(195 ft²) (1,750 ft²) (2,300 ft²)
Total Net Internal Area
393.75 m²
(4,235 ft²)
192.00 m²
(2,067 ft²)
1st Floor (Bed Spaces) Living Accommodation Total Net Internal Area 2nd Floor (Bed Spaces) Living Accommodation Total Net Internal Area
Alex M Reid MRICS [email protected] [S1043]
Please make enquiries to Charnwood Borough Council, Tel: 01509 263151
two
hundred
and
fifty
TENURE
Unitravel
£20,500 per annum exclusive – lease dated 10 June 2009 – term of 10 years from 1 May 2009 expiring 30 April 2019
G7 Bar
£7,800 per annum exclusive – lease held for a term of 3 years from 7 August 2014to Mr P Odedra
Hair by Richard
£6,000 per annum exclusive – lease dated 16 April 2014 term 27 April 2015 to 26 April 2018
General Note: Unitravel in occupation 12 years and Hair by Richard approximately 14 years. 169.00 m²
(1,815 ft²)
3rd Floor (Bed Spaces) Living Accommodation
Student Letting rooms:
Total Net Internal Area
171.00 m²
(1,844 ft²)
TOTAL AREA
925.75 m²
(9,961 ft²)
NB:
CONTACT: EMAIL:
Charnwood Borough Council
Upper floor areas provided by Vendor
PLANNING We understand established planning permissions are in place for all the retail and residential uses on site. Interested parties should advise Charnwood Borough Council with any queries.
18 rooms currently let at £368.33 per calendar month all inclusive 20 rooms available Potential income from student lettings £167,958.48 per annum assuming annual tenancies
PLANNING Established mixed retail and student dwellings.
EPC’s & leases available upon request
re4
01509 233433
MATHER JAMIE Chartered Surveyors 3, Bank Court Weldon Road, Loughborough Leicestershire LE11 5RF tel: 01509 233433 fax: 01509 248900 email: [email protected] website: www.matherjamie.co.uk IMPORTANT INFORMATION All statements contained in these particulars are provided in good faith and are believed to be correct. Their accuracy is not guaranteed nor do they form part of any contract or warranty. Prospective purchasers should note the following: 1. All dimensions, distances and floor areas are approximate and are given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the figures given. 2. Information on tenure/tenancies and possession is provided in good faith. We recommend prospective purchasers have this information verified by their solicitors prior to completion of any purchase/letting. 3. Information relating to Town and Country planning matters and the availability of services has been obtained by verbal enquiry only from the appropriate Local Authority. 4. Mather Jamie do not warrant that there are no connection charges in the availability of services to the property and furthermore prospective purchasers/tenants should obtain written confirmation prior to entering into contract for purchase or lease from the relevant companies. 5. We have not tested on services, central heating installations, plumbing installations or electrical installations and therefore the prospective purchaser/lessee should undertake independent investigations as to condition of all services and mechanical/engineering installations.
W121 Printed by Ravensworth Digital 0870 112 5306
