113/133 Granby Street Leicester Leicestershire LE1 6FD

113/133 Granby Street
Leicester
Leicestershire
LE1 6FD

Substantial Freehold Retail and Office Investment

Comprises 4 separate buildings including 7 retail units
Substantial retail and office accommodation approximately 2,790.19 sq m (30,022 sq ft)
Active management opportunity
Potential redevelopment opportunity for residential and student accommodation or hotel (subject to consents)
Important University city with De Montfort University and University of Leicester

Lot
57
Auction
18th October 2011
Rent
£26,400 per Annum Exclusive
Status
Sold
Price
£1,010,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the instructions of Administrators

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Substantial Freehold Retail and Office Investment

Comprises 4 separate buildings including 7 retail units
Substantial retail and office accommodation approximately 2,790.19 sq m (30,022 sq ft)
Active management opportunity
Potential redevelopment opportunity for residential and student accommodation or hotel (subject to consents)
Important University city with De Montfort University and University of Leicester

Lot 57
Auction 18th October 2011
Rent £26,400 per Annum Exclusive
Status Sold
Price £1,010,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the instructions of Administrators

Property Information

Location

Miles: 35 miles north east of Birmingham, 23 miles south of Nottingham, 20 miles north-east of Coventry
Roads: M1, M69, A6, A50, A47
Rail: Leicester Rail
Air: Nottingham East Midlands Airport

Situation

The university city of Leicester has a catchment population of approximately 460,000 and is a major regional commercial and retail centre. The property is situated on the southern side of Granby Street, some 150 metres from Leicester Rail Station. Nearby occupiers include Ramada Jarvis Hotel, Premier, Connells and Nando's. The important University of Leicester and De Montfort University are both close by.

Tenure

Freehold.

Location

Miles: 35 miles north east of Birmingham, 23 miles south of Nottingham, 20 miles north-east of Coventry
Roads: M1, M69, A6, A50, A47
Rail: Leicester Rail
Air: Nottingham East Midlands Airport

Situation

Tenure

Freehold.

Description

The property, a substantial parade of 4 separate self-contained buildings, comprises a total of 7 retail units and 5 upper floors of office accommodation above 4 of the retail units. Three of the retail units benefit from ancillary accommodation on the upper floors. The property benefits from car parking at the rear, which is accessed from Dover Street.

Note
This property is being marketed on behalf of the Administrators and therefore no warranties, representations or guarantees in any respect, including in relation to VAT, can be given. The Administrators are not bound to accept the highest or any offer and are acting without personal liability.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	(Reversions)
113 Granby Street	Ground First	Retail Retail	32.93 sq m 25.78 sq m	(354 sq ft) (277 sq ft)	NAJIB ELKHAYATY (t/a L’Espresso)	On licence for 1 year from 12/01/2011 (1)	£6,000
Units 115 - 121 Granby Street	Ground Ground First Second Third	Retail Office Office Office Office	124.46 sq m 108.71 sq m 20.75 sq m 49.16 sq m 48.58 sq m	(1,339 sq ft) (1,170 sq ft) (223 sq ft) (529 sq ft) (522 sq ft)	VACANT POSSESSION
123 Granby Street	Basement Ground First Second Third	Ancillary Retail Office Office Office	63.00 sq m 186.28 sq m 87.11 sq m 87.11 sq m 87.11 sq m	(678 sq ft) (2,005 sq ft) (937 sq ft) (937 sq ft) (937 sq ft)	VACANT POSSESSION
International House – 127/133 Granby Street	First Second Third Fourth Fifth	Office Office Office Office Office	509.40 sq m 220.26 sq m 220.26 sq m 220.26 sq m 220.26 sq m	(5,483 sq ft) (2,370 sq ft) (2,370 sq ft) (2,370 sq ft) (2,370 sq ft)	VACANT POSSESSION
127 Granby Street	Ground	Retail	123.81 sq m	(1,332 sq ft)	VACANT POSSESSION
129 Granby Street	Ground	Retail	123.81 sq m	(1,332 sq ft)	VACANT POSSESSION
131 Granby Street	Ground	Retail	108.59 sq m	(1,168 sq ft)	VACANT POSSESSION
133 Granby Street	Ground	Retail	122.56 sq m	(1,319 sq ft)	VINECOMB INVESTMENTS LTD (t/a Big & Tall)	25 years from 12/04/1988	£20,400	(11/04/2013)
Totals			2,790.19 sq m	(30,022 sq ft)			£26,400