14 Long Street, Wigston LE18 2BP & 2 Central Avenue, Wigston, LE18 2AA
- PROPERTY TYPE
Commercial Property
- SIZE
15,532 sq ft
1,443 sq m
Key features
- COMMERCIAL INVESTMENT
- GUIDE PRICE: £625,000 - £650,000
Description
Location:
The property is located on the corner of Long Street and Central Avenue, near to the junction of Bushloe End and Moat Street.
Description:
A substantial part 2 storey corner commercial property comprising of 2 main buildings of approximately 15,529 sqft (1,443 sqm) with courtyard area and car parking. The property has been extended and split to provide two self-contained units with access from Long Street to the gymnasium and access from Central Avenue to the snooker club.
Planning
Existing use previously under Class D2, now Class E.
Planning had been submitted in 2018 for part conversion of the property to 18 residential flats and retention of the gymnasium.
Local Authority: Oadby & Wigston Borough .
Tenure
Freehold, subject to existing leases.
Solicitors
Oliver Charles, 534 Uppingham Road, Leicester LE5 2GG
Tel: ~ Ref: O Charles
Accommodation
| USE | ACCOMMODATION | SQFT (SQM) | EPC | LEASE | RENT £ PAX | |
| Part Ground Floor & First Floor, 2 Central Avenue & First Floor, 14 Long Street | ||||||
| Snooker Club | G/F: Bar, 3 games rooms, kitchen, WC F/F: Large snooker/games hall, private snooker rooms | 4,335 (405) 6,268 (582) | 68, C | Let on a FRI lease for a term of 25 years from 03.03.2020. Rent increases: 03.03.2030 to £33,000 pax 03.03.2035 to £36,000 pax 03.03.2040 to £39,000 pax | 30,000 | |
| 14 Long Street & Basement, Part Ground Floor, 2 Central Avenue | ||||||
| Gymnasium | Basement: Partitioned studio space G/F: Gymnasium, changing rooms/WCs, partitioned ancillary space | 1,887 (175) 3,019 (280) | 67, C | 5 year FRI lease dated 26.10.2020 | 16,000 | |
| Outside | Gated access to yard area, separate car parking land on Willow Place for approximately 8 cars | |||||
| Current Rental Income | 46,000 |
Brochures
Legal Documents14 Long Street, Wigston LE18 2BP & 2 Central Avenue, Wigston, LE18 2AA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Wigston Station1.1 miles
- Leicester Station3.4 miles
- Narborough Station4.1 miles
Notes
Disclaimer - Property reference 299557. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kal Sangra Shonki Brothers, Leicester - Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Kal Sangra Shonki Brothers, Leicester - Auctions on 0116 216 5653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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