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15 Bath Ln 6,889 SF 100% Leased Industrial Building Leicester LE3 5BF $1,127,121 CAD ($163.61 CAD/SF)



Investment Highlights
- On site car parking
- Double frontage onto Bath Lane and St Nicholas Circle
- Residential conversion opportunity (STP)
Executive Summary
The property is available to purchase on a freehold basis, with vacant possession
The subject property's composition can be best described in two distinct sections, the first being that which fronts St. Nicholas Circle (150a St. Nicholas Circle), which comprises a 1960s single-storey former factory, with solid brickwork walls beneath a part pitched asbestos cement sheet roof and a part flat roof. Internally, this element has been adapted to provide a self-contained retail unit (former cake shop) to the front of the building, together with a more traditional storage unit to the rear. The second section fronts Bath Lane (15 Bath Lane) and comprises a three-storey steel framed former factory building, with brickwork walls and concrete floors, together with uPVC double glazed windows beneath a flat roof. Internally, this building has been suitably converted to provide good quality office accommodation over the first and second floor, whilst the ground floor provides functional industrial / storage accommodation, benefiting from a level access roller shutter door and also incorporates a mezzanine. Externally, to the Bath Lane frontage, there are 4 car spaces. To the St. Nicholas Circle frontage, there is side driveway which provides car parking for a further 3 cars in a tandem arrangement.
The subject property's composition can be best described in two distinct sections, the first being that which fronts St. Nicholas Circle (150a St. Nicholas Circle), which comprises a 1960s single-storey former factory, with solid brickwork walls beneath a part pitched asbestos cement sheet roof and a part flat roof. Internally, this element has been adapted to provide a self-contained retail unit (former cake shop) to the front of the building, together with a more traditional storage unit to the rear. The second section fronts Bath Lane (15 Bath Lane) and comprises a three-storey steel framed former factory building, with brickwork walls and concrete floors, together with uPVC double glazed windows beneath a flat roof. Internally, this building has been suitably converted to provide good quality office accommodation over the first and second floor, whilst the ground floor provides functional industrial / storage accommodation, benefiting from a level access roller shutter door and also incorporates a mezzanine. Externally, to the Bath Lane frontage, there are 4 car spaces. To the St. Nicholas Circle frontage, there is side driveway which provides car parking for a further 3 cars in a tandem arrangement.
Property Facts
| Price | $1,127,121 CAD | Building Class | C |
| Price Per SF | $163.61 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Rentable Building Area | 6,889 SF |
| Tenure | Freehold | No. Stories | 4 |
| Property Type | Industrial | Year Built | 1990 |
| Property Subtype | Manufacturing | Parking Ratio | 1.02/1,000 SF |
| Price | $1,127,121 CAD |
| Price Per SF | $163.61 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.14 AC |
| Rentable Building Area | 6,889 SF |
| No. Stories | 4 |
| Year Built | 1990 |
| Parking Ratio | 1.02/1,000 SF |
Utilities
- Heating - Gas
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15 Bath Ln
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