Summary - 121 PARKER DRIVE LEICESTER LE4 0JP
1 bed 1 bath Commercial Property
Auction sale offering strong footprint and immediate rental income potential.
Approximately 19,321 sqft industrial premises on 0.42 acre site
A substantial detached industrial investment arranged over part two and three storeys, extending to approximately 19,321 sqft on a 0.42 acre site. The building includes large production bays, offices with gas central heating, three-phase power and multiple loading points, plus front and rear parking and secure gated access — a practical unit for light manufacturing, storage or multi-tenant occupation.
The property is offered freehold but sold subject to an existing 5-year FRI lease at a passing rent of £87,000 pax, with a three-year rent review and a tenant break option. Sale will be by public auction, which can suit buyers seeking a timed acquisition or investor opportunities; note the short lease term is a material factor for future control and income security.
Important drawbacks: only five years remain on the lease, which many mortgage lenders may refuse to fund against; the sale is by auction and the surrounding area records higher crime levels. Parking is limited to three front spaces with additional rear/side parking and loading, but not extensive car provision for a large workforce. EPC rating C (71) and existing services (gas blower heating in factory) reduce immediate capital spend, though buyers should inspect for tenant-dependent fit-out and potential refurbishment needs.
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