Summary - 184 FOSSE ROAD NORTH LEICESTER LE3 5ES
2 bed 1 bath Terraced
High‑street freehold with income, separate flat access and development potential..
Freehold mixed-use unit: shop plus separately accessed flat
Advertised combined rental yield approximately 5.5%
Prominent high‑street position with strong footfall
Rear paved yard with side access; small plot size
Business (takeaway) sold separately from freehold
Area described as deprived with very high crime levels
Traditional Victorian build; scope for refurbishment or STPP
Chain-free sale; verify tenancy and bedroom-count details
This freehold property on Fosse Road North combines a ground-floor commercial takeaway and a separately accessed upper flat, presented as an income-producing mixed-use investment. The premises benefit from a prominent high‑street position with strong footfall and separate entrances, providing straightforward landlord management and tenant separation. The combined floor area is about 1,093 sq ft and the sale is offered chain-free.
Income currently comes from the trading fish and chip shop (business available by separate negotiation) and the first-floor flat, delivering an advertised rental yield of approximately 5.5%. There is a paved rear yard with side access useful for deliveries, storage or potential small-scale development (subject to planning). Mains services and gas heating are in place and the layout is traditional Victorian terraced, giving scope to increase value through refurbishment or change of use (STPP).
Material risks are factual and should be weighed: the locality is described as deprived with very high recorded crime levels, and the plot is small with a busy high‑street environment—factors that may affect lettability and future resale. The ground-floor business is sold separately from the freehold, so buyers seeking to continue the current trading operation should factor that into negotiations. Prospective purchasers should verify the flat’s bedroom count and all tenancy details during due diligence.
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