Summary - 23-25, MARKET STREET LE1 6DN
1 bed 1 bath Mixed Use
**Standout Features:**
- **Mixed-use property**: Retail, office, and workshop space over four levels.
- **Fully Let Investment**: Strong income of £38,750 with established lease until April 2031.
- **High-profile tenant**: Let to George Pragnell Limited, a reputable high-end jeweler.
- **Prime Location**: Situated on Market Street, boasting significant foot traffic near major retailers.
- **Flexible layout**: Suitable for diverse business uses with ample internal space (3,442 sq ft).
- **Long-term income**: Includes four long leasehold flats generating an additional £1,000 annually.
**Concerns:**
- **High crime rate in area**: Potential concern for safety and insurance rates.
- **Mortgage difficulties**: Fewer lenders may finance due to the short remaining lease.
**Summary:**
This impressive mixed-use property at 23-25 Market Street offers a unique investment opportunity in the vibrant heart of Leicester. With a generous total area of 3,442 square feet, it's home to successful retailer George Pragnell Limited, ensuring a solid income stream of £38,750 annually for the next 5.8 years. Given its prime downtown location, this investment benefits from high footfall and proximity to various amenities, making it appealing to both retail and potential future tenants.
While the busy Market Street location enhances visibility and access, it's important to consider the area's high crime rate and the challenges associated with mortgage financing due to the lease length. This property also includes four flats on long leaseholds, providing additional income, making it a compelling option for investors looking to diversify their portfolio. Don’t miss this chance to acquire a prominent piece of Leicester's retail landscape with significant potential for growth and solid returns!
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