Haynes Road, Leicester

LOCATION
The property is situated just off Uppingham Road (A47), within an established mixed-use area of Leicester, approximately 2 miles east of the city centre. The location benefits from strong transport links and is within close proximity to local amenities and residential catchments.

DESCRIPTION
The site extends to approximately 0.3 acres and comprises a range of mixed-use buildings and open yard space. The existing accommodation includes:
- Three ground floor commercial/industrial units with associated yard and loading access
- One single residential dwelling
- One residential dwelling subdivided into two self-contained flats

All properties require modernisation throughout. The site benefits from a substantial rear yard providing generous parking, storage, and circulation space.

The property occupies a prime development location, with surrounding land uses including new residential schemes, local retail parades, and community facilities. Its layout and size make it suitable for comprehensive redevelopment or refurbishment, subject to planning consent.

Indicative plans have been prepared for a 9-unit residential scheme, although the site offers scope for a variety of alternative uses to suit an incoming purchaser´s requirements.

Historically producing circa £50,000 p.a. rental income at below-market rents.

Within a 0.5-mile radius, new-build houses are currently marketed at £300,000 - £325,000, with older terraces and semi-detached houses achieving £250,000 - £290,000.

TERMS
We have been instructed to seek offers in the region of £1,000,000 for the freehold subject to contract. Proof of funding will be required and relevant documentation to satisfy AML checks.

EPC's are underway and will be made available.

VAT
VAT may be payable at the prevailing rate.

LEGAL COSTS
Each party is responsible for their own legal costs incurred in this transaction.

PLANNING
The site offers excellent potential for redevelopment subject to obtaining the necessary planning consents.
Indicative drawings have been prepared for a scheme of 9 dwellings, though the site is considered suitable for a variety of alternative schemes to meet a developer´s requirements.

OTHER
Important Information:
All statements contained in these particulars are provided in good faith and are believed to be correct but their accuracy is not guaranteed. These particulars do not constitute any part of any offer or contract. None of the statements contained herein are, or are intended to be statements or representations of fact or opinion by either the vendor or Reign Commercial ltd or its employees or agents. All illustrations are for marketing purposes only and all interested parties are to make their own enquiries into the boundaries and title plans.
Neither Reign Commercial ltd nor its employees or agents are authorised to make or give any representation, guarantees or warranties whatsoever in relation to the above premises. Interested parties must satisfy themselves by inspection or survey on any matter or statement contained in these particulars.
Health & Safety:
You are asked to exercise all care and diligence during your inspection of the property and the Agents are unable to warrant that the property is free of hazards or complies with Health and Safety legislation. The Agents accept no liability for injury or loss to persons or property when visiting.

VIEWING
Viewings are strictly through Sole Agent Reign and prior appointment only.
Dhav Popat