UNDER OFFER

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254 Braunstone Lane East, Leicester, Leicestershire, LE3 3AS

£750,000

Description

*** BEST & FINAL OFFERS - THURSDAY 25 APRIL 2019 AT 5PM ***

Part let investment with development potential for further commercial office development or alternatively longer term residential re-development.

The site is a long-established commercial site occupied primarily as offices with ancillary accommodation. The main office building known as Parker House extends to approximately 2,612 sq ft and is of ground floor, single-storey construction with a series of private and general office spaces suitable for a wide variety of users.

To the rear, Units A and B are a pair of semi-detached purpose-built two-storey modern office suites each providing approximately 1,501 sq ft both fully let.

Also within the grounds is an existing commercial storage building with steel profile clad roof and brick elevations.

The planning consent for commercial development which provided Units A and B also provided for a further 6 office buildings on site each of approximately 1,500 sq ft, ie, a further 9,000 sq ft of office accommodation could be constructed on site to mirror the existing new build two-storey offices.

The site also would offer, subject to consent, opportunity for residential development and included within this brochure is an initial sketch scheme showing a mixed apartment and traditional semi-detached terraced dwelling.

Redevelopment of the site - alternative schemes would clearly be considered subject to consent.

The subject site is a well-established commercial site with access from Braunstone Lane and Avon Road within the old village centre of Braunstone to the east of Leicester City Centre.

The property is well-located within approximately 3 miles of both Junctions 21 and 21a of the M1 motorway. The location is predominantly residential in its surrounds and has good road links via Braunstone Lane to the A47 Hinckley Road which is within 1 mile to the north, Narborough Road (A5460) 1 mile to the south and the A563 Leicester outer ring-road which is within ½ mile of the subject property.

The nearby road links and access to Meridian, Fosse Park and the motorway junctions as well as the main tributary roads to the eastern side of Leicester make the site ideally located for commercial occupiers or alternatively, should the site be redeveloped for residential purposes, the established residential nature of the location will benefit any scheme.

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Agent Contact: Alex Reid
Agent Email: alex.reid@matherjamie.co.uk