60 Charles Street, Leicester_Property for Sale

Leicester, Leicester, LE1 1FB, UK

60 Charles Street, Leicester

Asset Description

JLL are pleased to be jointly instructed with Blue Alpine on the sale of 60 Charles Street, Leicester - a Freehold City Centre Office Investment With Consent for Residential Conversion to 72 Flats and Potential for Student Accommodation.

For any questions, please contact any of the brokers below, Prash Jaitley (prash@bluealpine.com, 07961 853166), or Joseph Bachman (joseph@bluealpine.com, 07723 619270).

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Attributes

Asking price

NZ$9,999,000

Cap rate

10%

Building area net

4,418 m²

Planning permission

Consented

Year renovated

2019

Tenure

Freehold

EPC

Grade C

Media

Investment Highlights

Leicester is one of the major centres in the East Midlands with a population of circa 368,000.
Communications are excellent with the M1 and M69 motorways to the south-west, rail services to London (St Pancras) in 1 hour 3 minutes, and East Midlands Airport 15 miles to the north-west.
Located in the popular St George’s cultural quarter, with Tesco opposite and M&S, Primark, Ramada Encore Hotel, and Matalan less than 100m away on Humberstone Gate, with both Highcross and Haymarket shopping centres less than a five-minute walk.
47,560 sq ft (NIA) (4,418.43 sq m) office building on ground and thirteen upper floors, with 9 car parking spaces arranged over site.
Refurbished in 2019 and subdivided into suites appealing to a variety of occupiers, including two with display frontage.
EPC Rating of C(72)
Let to a variety of occupiers including Duncan Lewis Solicitors, Everyday Loans Ltd, Life Links (Richmond Fellowship), Vodafone, and Jonathan Ashworth MP
Consent for conversion to 72 apartments and discussions with planners for circa 79, with potential for student accommodation.
Annual rental income of £478,464.53 pa, and ERV of circa £515,000 pa.
Freehold