Summary - Bridge Road LE5 3LD
1 bed 15 bath Commercial Property
- Large Victorian four-storey freehold, c.7,793 sq ft total
- Lift to all floors and fire exits on every level
- 15 toilets distributed across the building; practical for multi-occupier use
- Third floor recently granted commercial planning consent (was attic)
- Current income £70,000 p.a.; potential c.£82,000 p.a. when fully let
- Interior dated; requires modernization to attract higher rents
- Located in a deprived area with average crime statistics
- Small plot footprint limits external expansion potential
A substantial four-storey Victorian freehold on Bridge Road offering immediate rental income and redevelopment potential. The building totals c.7,793 sq ft with lift access, fire escapes and an unusually high provision of 15 toilets across floors — practical for multiple occupants or training/office use.
Current income-producing floors deliver £70,000 per annum with scope to increase to an estimated £82,000 once the newly consented third floor is let. The third-floor (previously attic) has planning consent for commercial use and could add an additional revenue stream without major structural works.
The property will suit investors or operators seeking a city-centre footprint with strong footfall and excellent transport links. That said, the interior is dated in places and will need modernization to attract higher-value tenants; reconfiguration or change-of-use (STP) offers clear upside but will require capital and planning time.
Buyers should note the location sits within a deprived area with average crime statistics and a small plot size, factors that influence yield expectations and tenant mix. The building’s layout, multiple entrances and separate floor tenancies provide flexibility for phased refurbishment or alternative mixed-use redevelopment, subject to planning.
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