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67 London Rd 1,925 SF Vacant Office Building Oadby LE2 5DN $703,588 CAD ($365.50 CAD/SF) 6.40% Cap Rate
Executive Summary
This attractive commercial premises occupies a prominent roadside position within one of Leicester's most established suburban retail locations. The property provides well-presented accommodation suitable for investment. Benefiting from excellent frontage onto a busy thoroughfare with strong levels of passing vehicular and pedestrian traffic. The unit is currently fitted for use as a medical and aesthetics clinic, offering a high-quality internal specification with treatment rooms, reception/waiting area and ancillary facilities.
Potential for future conversion back to residential (subject to planning and current tenancy).
Term expires June 2028, with the benefit of Landlord & Tenant Act 54. Currently generating £24,000 Per Annum with annual stepped increases of £1,000.
Potential for future conversion back to residential (subject to planning and current tenancy).
Term expires June 2028, with the benefit of Landlord & Tenant Act 54. Currently generating £24,000 Per Annum with annual stepped increases of £1,000.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Tenure
Freehold
Property Subtype
Medical
Building Size
1,925 SF
Building Class
C
Year Built
1980
Price
$703,588 CAD
Price Per SF
$365.50 CAD
Cap Rate
6.40%
NOI
$45,030 CAD
Percent Leased
Vacant
Building Height
2 Stories
Typical Floor Size
913 SF
Building FAR
0.22
Lot Size
0.20 AC
Parking
7 Spaces (3.64 Spaces per 1,000 SF Leased)
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67 London Rd
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