Property for sale

Knighton Fields Road West, Knighton Fields, Leicester LE2

Epr Properties Ltd is pleased to present this interesting mixed-use investment opportunity, prominently located on the south side of Knighton Fields Road West, close to its junction with Saffron Lane (B5366).

Property Description
Epr Properties Ltd is pleased to present this interesting mixed-use investment opportunity, prominently located on the south side of Knighton Fields Road West, close to its junction with Saffron Lane (B5366).
The property benefits from excellent connectivity, with Saffron Lane providing direct access towards the Pork Pie Roundabout and Aylestone Road (A426). Welford Road (A5199) is approximately 0.4 miles away, providing an important arterial route into and out of Leicester City Centre.
The surrounding area is predominantly residential, with a range of local shops, services and amenities available along nearby Saffron Lane.
Property Overview
The property comprises a mixed-use semi-detached building constructed in brick, incorporating a former commercial workshop/warehouse together with three self-contained one-bedroom flats.
The commercial element is positioned to the left-hand side of the property and comprises a predominantly open-plan former joiner's workshop. The accommodation benefits from a corrugated monopitch roof, providing approximate internal heights of between 3.0m and 3.8m, with concrete flooring throughout.
The workshop is equipped with fluorescent lighting, a gas blower heater and three-phase electricity, with access provided via large double doors to the front of the property.
The commercial accommodation is considered capable of generating an estimated erv of approximately £15,000 per annum exclusive, subject to the usual letting considerations.
To the right-hand side of the building is the entrance serving three independently serviced one-bedroom flats. All three flats are offered with vacant possession and require renovation, providing an attractive value-add opportunity for an investor or owner-occupier looking to improve and reposition the residential accommodation.
Following completion of the anticipated refurbishment works, the flats are estimated to have a potential rental value of approximately £800 per calendar month per flat, subject to market conditions and final specification.
Externally, the property benefits from a block-paved forecourt providing parking for approximately three vehicles.
Investment Opportunity
The property offers a combination of commercial and residential income potential, together with the opportunity to add value through the refurbishment and subsequent letting of the three vacant flats.
This could make the property particularly attractive to investors seeking a mixed-use asset with the potential for future rental growth and capital appreciation.
Epr Properties Ltd would be pleased to provide further information and arrange viewings for interested parties.