Summary - 18B CHURCH GATE LOUGHBOROUGH LE11 1UD
1 bed 1 bath Terraced
Prominent mixed-use property with strong income and refurbishment potential.
- Ground-floor commercial unit producing £20,000 per annum
A rare freehold investment on Church Gate offering immediate income and clear upside. The ground-floor commercial unit produces £20,000 pa from a long-standing tenant and benefits from dual-aspect glass frontage, high ceilings and adaptable retail/workshop space. The first-floor one-bedroom flat is offered with vacant possession and was previously let at £725 pcm, giving strong combined income and a stated yield of approximately 9.26%.
The building is Victorian, mid-terrace with attractive period character and high internal ceilings on the commercial floor. Practical positives include private off-street parking, mains gas heating, double glazing and a decent plot size. The freehold sale also transfers freeholder responsibilities for a separately leased second-floor flat; buyers should be prepared for management obligations and easements associated with that title.
Notable risks are factual and important: the property sits in a very high-crime, deprived urban area, and some construction elements (solid brick walls with assumed no cavity insulation) suggest thermal upgrading may be needed. Lease and ground-rent details for the second-floor leasehold flat are still awaited — buyers must complete due diligence on commercial lease terms and freeholder liabilities before purchase.
For investors seeking yield and hands-on value-add potential, this mixed-use freehold is a straightforward income play with scope for refurbishment and reconfiguration (subject to planning). It may also suit an owner-occupier landlord who wants a town-centre base and additional rental income, provided they accept the management responsibilities and local area context.
Commercial property for sale in 18A to 18D Pinfold Gate, Loughborough LE11 1BE, LE11 — £750,000 • 1 bed • 1 bath • 2790 ft²
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Commercial property for sale in 14 Cank Street, Leicester, Leicestershire, LE1 — £195,000 • 1 bed • 1 bath • 738 ft²
