Summary - Nottingham Road, Loughborough LE11 1ES
3 bed 1 bath Commercial Development
**Notable Features:**
- Mixed-use property with ground-floor dance studio and a three-bedroom flat
- Commercial unit currently let on a 1954 Act tenancy generating £7,800/annum
- Residential flat (previously £800/PCM) vacant with renovation potential and HMO suitability
- Excellent transport links and proximity to Loughborough town amenities
- Freehold property requiring some modernization
- High crime rate in the area and within an Article 4 Direction for HMO conversions
- Very cheap council tax
This unique opportunity encompasses a vibrant dance studio alongside a vacant three-bedroom flat, perfect for savvy investors or first-time buyers seeking rental potential. The commercial space offers a reliable income stream, while the residential unit has great scope for enhancements to maximize returns, potentially transforming it into a lucrative House in Multiple Occupation (HMO) pending planning consents.
Located in the bustling market town of Loughborough, known for its university, the property provides excellent transport links and easy access to local amenities, making it appealing for families and young professionals alike. Awaiting your creative touch, both units require some modernization, allowing for personalized upgrades to fit your vision. Seize this chance to own a versatile investment in a growing area—properties like this don’t stay on the market for long!
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