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DRAFT
FOR SALE Mixed Retail/Residential Investment Ground Floor Showroom Premises (3,542 ft²) & 5 self-contained residential flats
43-45 Ashby Road Loughborough LE11 3AA
01509 233433
LOCATION
ACCOMMODATION
The premises is a substantial corner block occupying a prominent position fronting Ashby Road at its junction with Broad Street.
45 Ashby Road Ground Floor Main Retail Area Rear Sales Stores/Ancillary Office & Showroom
This well-established retail position is close to Loughborough town centre with Regent’s Retail Park and Sainsburys nearby. The premises is located on part of the main pedestrian thoroughfare from the University towards the town centre and access route from the M1 Junction 23. Nearby long-established occupiers include The Running Fox and Websters Cycles and the property has been occupied since 2007 by Cole Roberts Ltd. The property’s location is shown on the plan within these particulars. DESCRIPTION Substantial ground floor retail showroom and ancillary offices/storage spread across two retail units providing prominent corner retail frontage to Ashby Road and Broad Street. The current occupier has fitted the retail showroom space to a high standard as a kitchen and bathroom showroom. At first and second floors via a self-contained entrance there are five self-contained flats. There are floor plans for each flat on our microsite as shown below. To the rear there is a substantial rear yard area shared by the flats and commercial tenant. Two car spaces allocated to the ground floor tenant and each flat benefitting from one car space. MICROSITE For further information please visit our microsite at www.matherjamie.co.uk/43-45ashbyroad
68.88 m² 39.14 m²
(741 ft²) (421 ft²)
83.89 m²
(903 ft²)
67.77 m²
(729 ft²)
GROSS INCOME FROM PROPERTY
19.89 m²
(214 ft²)
£74,490 per annum
19.24 m² 15.87 m² 14.38 m²
(207 ft²) (171 ft²) (155 ft²)
BUSINESS RATES
329.03 m²
(3,542 ft²)
43 Ashby Road Sales Area Stores & Ancillary Showroom Additional showroom area Stores (lean-to) Kitchen/WC area Total Ground Floor
Flat 5 Ms E Czarnota & Ms I Nakow 12 months from 1 April 2017 £525 per calendar month ANNUAL INCOME ACCOMMODATION
FROM
RESIDENTIAL
£30,600 per annum
Local Authority: Period: Rateable Value:
Charnwood Borough Council 2017/2018 £30,500
TENURE
LEGAL COSTS
43-45 Ashby Road is let for a term of 8 years from 1 June 2017 at an annual rental of 43,890 subject to a tenant only break option at the 2nd and 5th anniversaries of the term subject to 6 months notice. Rent review dates 1 June 2019, 1 June 2022 and 31 May 2025.
Each party will be responsible for their own legal costs incurred in the transaction.
The flats are let as follows:
PRICE £995,000 (nine hundred and ninety five thousand pounds).
Flat 1 Mr F J A Navarro 12 months from 1 April 2017 £525 per calendar month
The price reflects an approximate gross yield of 7.5% or a net yield of 7% allowing for purchasers costs at 6.5%.
Flat 2 Mr D Castro 12 months from 1 April 2017 £525 per calendar month
The position regarding VAT is to be confirmed.
Flat 3 Ms M Lefaucheux 12 months from 1 April 2017 £450 per calendar month Flat 4 Ms L R Gago Expires 31 July 2017 £525 per calendar month
VAT
PLANNING Planning was granted 4 April 2007 for conversion of the building to provide 5 self-contained flats together with retail units at ground floor. CONTACT: EMAIL:
Alex Reid MRICS [email protected] [S402]
EPC to follow
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.
FOR SALE Mixed Retail/Residential Investment Ground Floor Showroom Premises (3,542 ft²) & 5 self-contained residential flats
43-45 Ashby Road Loughborough LE11 3AA
01509 233433
LOCATION
ACCOMMODATION
The premises is a substantial corner block occupying a prominent position fronting Ashby Road at its junction with Broad Street.
45 Ashby Road Ground Floor Main Retail Area Rear Sales Stores/Ancillary Office & Showroom
This well-established retail position is close to Loughborough town centre with Regent’s Retail Park and Sainsburys nearby. The premises is located on part of the main pedestrian thoroughfare from the University towards the town centre and access route from the M1 Junction 23. Nearby long-established occupiers include The Running Fox and Websters Cycles and the property has been occupied since 2007 by Cole Roberts Ltd. The property’s location is shown on the plan within these particulars. DESCRIPTION Substantial ground floor retail showroom and ancillary offices/storage spread across two retail units providing prominent corner retail frontage to Ashby Road and Broad Street. The current occupier has fitted the retail showroom space to a high standard as a kitchen and bathroom showroom. At first and second floors via a self-contained entrance there are five self-contained flats. There are floor plans for each flat on our microsite as shown below. To the rear there is a substantial rear yard area shared by the flats and commercial tenant. Two car spaces allocated to the ground floor tenant and each flat benefitting from one car space. MICROSITE For further information please visit our microsite at www.matherjamie.co.uk/43-45ashbyroad
68.88 m² 39.14 m²
(741 ft²) (421 ft²)
83.89 m²
(903 ft²)
67.77 m²
(729 ft²)
GROSS INCOME FROM PROPERTY
19.89 m²
(214 ft²)
£74,490 per annum
19.24 m² 15.87 m² 14.38 m²
(207 ft²) (171 ft²) (155 ft²)
BUSINESS RATES
329.03 m²
(3,542 ft²)
43 Ashby Road Sales Area Stores & Ancillary Showroom Additional showroom area Stores (lean-to) Kitchen/WC area Total Ground Floor
Flat 5 Ms E Czarnota & Ms I Nakow 12 months from 1 April 2017 £525 per calendar month ANNUAL INCOME ACCOMMODATION
FROM
RESIDENTIAL
£30,600 per annum
Local Authority: Period: Rateable Value:
Charnwood Borough Council 2017/2018 £30,500
TENURE
LEGAL COSTS
43-45 Ashby Road is let for a term of 8 years from 1 June 2017 at an annual rental of 43,890 subject to a tenant only break option at the 2nd and 5th anniversaries of the term subject to 6 months notice. Rent review dates 1 June 2019, 1 June 2022 and 31 May 2025.
Each party will be responsible for their own legal costs incurred in the transaction.
The flats are let as follows:
PRICE £995,000 (nine hundred and ninety five thousand pounds).
Flat 1 Mr F J A Navarro 12 months from 1 April 2017 £525 per calendar month
The price reflects an approximate gross yield of 7.5% or a net yield of 7% allowing for purchasers costs at 6.5%.
Flat 2 Mr D Castro 12 months from 1 April 2017 £525 per calendar month
The position regarding VAT is to be confirmed.
Flat 3 Ms M Lefaucheux 12 months from 1 April 2017 £450 per calendar month Flat 4 Ms L R Gago Expires 31 July 2017 £525 per calendar month
VAT
PLANNING Planning was granted 4 April 2007 for conversion of the building to provide 5 self-contained flats together with retail units at ground floor. CONTACT: EMAIL:
Alex Reid MRICS [email protected] [S402]
EPC to follow
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.
