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Nottingham Road, Loughborough LE11 3 bed property for sale
Nottingham Road, Loughborough LE11
£250,000
Nottingham Road, Loughborough LE11
£250,000
Our Summary
- 81A, previously let on a residential tenancy is now vacant and offers scope for renovation and enhancement, with the potential to increase rental yield
- Given Loughborough’s status as a university town, 81A may lend itself to conversion to a House in Multiple Occupation (HMO), subject to the necessary planning consents
- Please note that the property falls within an Article 4 Direction area, meaning that any change of use to an HMO will require planning permission
- 81A (The Flat) - A residential property that would benefit from a scheme of modernisation and redecoration
- 81 A - previously let on an AST for £800/PCM - with scope to be increased
- 81A - previously let on an AST for £800/PCM - with scope to be increased
Description
This mixed-use property in Loughborough comprises a ground-floor commercial unit, currently let as a dance studio, and a three-bedroom flat above. The commercial unit provides an immediate income stream, while the flat offers scope for renovation and enhancement, potentially increasing rental yield. The property is located in a vibrant university town with excellent transport links, and the flat could be converted to a House in Multiple Occupation (HMO) subject to planning consents. The property is freehold, but the commercial unit is subject to a 1954 Act commercial tenancy, and the residential flat will be sold with vacant possession. The guide price is £250,000, and the property is being marketed via private treaty.