Summary - 32, GRANBY STREET LE1 1DE
18 bed 1 bath Mixed Use
High-yield mixed-use asset near Leicester station.
- Substantial mixed‑use freehold: approx. 1,611 sq.m. (17,344 sq.ft.)
- Ground floor & basement let to F&B operator until Feb 2035 (subject to option)
- 27 separately accessed flats (all let on ASTs); rental income £310,260pa
- Very central location; ~7 minute walk to Leicester Railway Station
- Sold at auction 30 Oct 2025; sale via receivers, no vendor warranties
- VAT may be payable; review Special Conditions of Sale
- Area shows high crime and deprivation; may increase management costs
- EPCs available in legal pack; possible retrofit/upgrade costs
This large, city‑centre mixed‑use freehold offers a secure headline income and immediate footfall on a busy pedestrian route close to Leicester Railway Station. Ground floor and basement are let to an established F&B operator on a lease expiring February 2035 (subject to option), while 27 separately accessed flats above are fully let on ASTs, producing a current rent roll of £310,260 per annum.
The building extends to approximately 1,611 sq.m. (17,344 sq.ft.) over five storeys, providing a substantial income stream with scope for active asset management. The property sits among multiple restaurants, retail and leisure uses, supporting daytime and evening trade; its separate residential access and medium‑sized upper floor plates make residential reconfiguration or management efficiencies possible.
Buyers should note material considerations: the lot will be sold at auction (30th October 2025) by receivers; no warranties are given. VAT may be payable. The area records high crime and economic deprivation, which can affect tenant churn and management costs. EPCs are in the legal pack and should be reviewed for compliance and retrofit cost estimation.
This is a tactical purchase for an investor comfortable buying at auction who can manage a city‑centre HMO/residential block and commercial lease obligations. Full due diligence is essential: review tenancy schedules, service records, condition surveys, lease terms, VAT position and the legal pack before bidding.
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