Summary - 40 Granby Street & 2-4 Rutland Street, Leicester, LE1 6FB LE1 6FB
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Prominent corner position in Leicester city's retail heart
- Long-term lease with Tesco Express until March 2039
- Current annual rental income of £80,000, with potential for rent increases
- Ground rent from upper residential flats totals £3,750 annually
- Historic building dating back to 1775, with a significant size of 4,116 sq ft
- Convenient rear service yard access
- Urban area with a strong student population and diverse amenities
**Summary:**
Discover a prime investment opportunity at this distinguished corner retail property located at 40 Granby Street & 2-4 Rutland Street in Leicester. This sizeable 4,116 sq ft commercial space has been occupied by Tesco Express since 2008, ensuring a steady rental income of £80,000 per year until March 2039, with lease terms supporting potential rent increases. On the upper floors, the property houses 15 residential flats, generating an additional £3,750 in annual ground rent.
Built in 1775, the building exudes historical character and offers spacious open-plan retail accommodations with convenient rear access for deliveries. Its bustling city-center location guarantees high foot traffic, making it an attractive spot for business. However, note that potential buyers may encounter complications with lenders due to the remaining 9-year lease term, and renovation options may be limited due to its listed status.
Emphasizing a vibrant local culture, this commercial space caters to a cosmopolitan student neighbourhood, ensuring demand within the thriving community. Explore the vast potential of this property—secure your investment today in a rapidly developing urban area.
Mixed use property for sale in Market Street, Leicester City Centre, LE1 — £550,000 • 1 bed • 1 bath • 1361 ft²
Mixed use property for sale in 23-25 Market Street, Leicester, LE1 6DN, LE1 — £525,000 • 1 bed • 1 bath • 3442 ft²
Commercial property for sale in Unit 9a Humberstone Gate, Haymarket Towers, 33 Humberstone Gate, Leicester, LE1 — £800,000 • 1 bed • 1 bath
Commercial property for sale in Unit 9a, Humberstone Gate, Leicester, LE1 1WA, LE1 — £800,000 • 1 bed • 1 bath • 4208 ft²
Mixed use property for sale in 33-49 Market Street & 1-3 Welford Place, Leicester LE1 — £3,000,000 • 1 bed • 1 bath
Commercial property for sale in Edward Building, 15-25 Rutland Street And 127-129 Charles Street, Leicester, Leicestershire, LE1 — £2,400,000 • 1 bed • 1 bath • 5303 ft²
