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7 bed property, in Church Gate, £500,000
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7 bed property

Church Gate, Loughborough LE11
Planning
£500,000

Our Summary

  • Three storey building with a detached barn with pre-planning for two apartments, accessed via the rear courtyard garden
  • A wonderful investment opportunity
  • This building is currently vacant and has pre-planning for two one bedroom apartments
  • It presents significant development potential, subject to obtaining the necessary planning consents
  • Two-Storey Victorian Building Originally constructed as a hosiery factory during the Victorian era and later used as a bakery, this impressive character building offers substantial scope for redevelopment
  • While the building is currently unused and requires renovation, it is considered to be in reasonable overall structural condition (subject to survey)
  • Any redevelopment or alteration would be subject to planning permission and consideration within the Church Gate Conservation Area
  • The second floor is currently vacant and if rented would attract further rental income plus the potential with the Barn at the rear

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Description

The property is a three-story building with a detached barn on a pedestrianized shopping street in Loughborough's town center. It features a substantial ground floor retail/office unit with three meeting rooms, two WCs, a store room, kitchenette, and rear office, and two upper floors of high-quality office accommodation with a suite of offices and meeting rooms. The property also includes a two-storey Victorian former hosiery factory and bakery to the rear, with pre-planning permission for two one-bedroom apartments, and a generously sized rear urban garden with external access to a cellar.

The property is offered freehold with vacant possession on completion and is located at 54 Church Gate, Loughborough, Leicestershire, LE11 1UI.