A freehold mix use commercial and residential investment

****For sale by Public Auction on 3rd September 2026 14.00. Register to bid***** An excellent mixed-use freehold investment opportunity in a sought-after location. Two commercial units and two first-floor flats. Each flat is let on assured periodic tenancies at £500.00 per calendar month. Number 292 is let at £475.00 per calendar month, and 290 is currently vacant. There is land to the rear and extensive timber-constructed storage units to the rear of 290. There is scope to raise rents in line with current market levels. ERI £34,000 per annum.

Tenure

Freehold

Ground Floor 290 Gipsy Lane

7.80m x 5.57 max. Currently vacant. ERI of £12,000 per annum. Note there are extensive substantial timber constructed stores to the rear.

First floor flat 290 Gipsy Lane

Entrance hall, Lounge 3.75m x 3.20m, Bedroom 4.11m x 2.43m, Kitchen 2.59m x 2.52, Bathroom 1.75m x 1.67m . EPC D 35m2 currently let at £6000 per annum

Ground Floor 292 Gipsy Lane

3.50m x 2.97m Plus a walk in store 3.20m x 1.53m. Currently let at £5700.00 per annum.

First floor flat 290 Gipsy Lane

Entrance hall, Lounge 4.11m x 3.35m, Bedroom 4.35m x 2.74m, Kitchen 2.28m x 1.92m, Bathroom 1.92m x 1.52m EPC C 36m2. currently let at £6,000 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Leicester City Council

Additional Fees

Administration Charge - £1800 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.