Knightsbridge House, 12 Lower Brown Street, Leicester, LE2 7AF

Solicitor Details

Murria Solicitors, Court Chambers, 180 Corporation Street, Birmingham B4 6UD Tel: (0121) 234 0903 ~ Ref: A Kang

*Guide Price & Reserves

COMMERCIAL INVESTMENT

Property Description

A substantial and modern three storey with basement self-contained office building of approximately 16,517 sqft (1,534 sqm). Internally there are open plan offices with kitchen and WC facilities on each floor. The property is used for educational purposes and benefits from suspended ceiling with recessed LED lighting, passenger lift, gas central heating and car parking for approximately 24 vehicles via the basement and external car park.

Location:

The property is located in the city centre, on the corner of Norton Street and within walking distance of De Montfort University, Leicester Train Station and Leicester Royal Infirmary.

Accommodation:

Basement - providing 15 car parking spaces: GIA: 3,461 sqft (321.5 sqm)
Ground Floor: 4,040 sqft (375.3 sqm)
First Floor: 4,362 sqft (405.2 sqm)
Second Floor: 4,654 sqft (432.3 sqm)
Total GIA: 16,517 sqft (1,534 sqm) approx.
Outside: Car parking for 9 cars at the front.

Planning

Currently used as an educational facility
Potential for alternative used ie residential subject to planning permission
Local Authority: Leicester City Council (0116) 454 3000

Note:

VAT is payable on the purchase price.

Tenure

Freehold, subject to existing lease
Let on an FRI lease for a term of 10 years from 11.09.2024 at a rental of £150,000 pax PLUS VAT

Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

WANT TO BUY OR SELL A PROPERTY?

LOT 10

GUIDE PRICE: £1,600,000 - £1,650,000 PLUS VAT