Mixed-use commercial and residential investment

A freehold mixed-use commercial and residential investment opportunity situated in a sought-after location in Leicester. The property comprises two commercial units and two first-floor flats, along with land to the rear and extensive timber-constructed storage units behind number 290. Ground Floor 290 Gipsy Lane measures approximately 7.80m x 5.57m max, is currently vacant, and has an estimated rental income of £12,000 per annum, featuring extensive substantial timber-constructed stores to the rear. The First Floor Flat at 290 Gipsy Lane includes an entrance hall, lounge (3.75m x 3.20m), bedroom (4.11m x 2.43m), kitchen (2.59m x 2.52m), and bathroom (1.75m x 1.67m). Measuring approximately 35 sq m with an EPC rating of D, it is currently let at £6,000 per annum. Ground Floor 292 Gipsy Lane measures 3.50m x 2.97m plus a walk-in store (3.20m x 1.53m) and is currently let at £5,700 per annum. The First Floor Flat at 292 Gipsy Lane features an entrance hall, lounge (4.11m x 3.35m), bedroom (4.35m x 2.74m), kitchen (2.28m x 1.92m), and bathroom (1.92m x 1.52m). Measuring approximately 36 sq m with an EPC rating of C, it is currently let at £6,000 per annum. The residential flats are let on assured periodic tenancies. There is scope to raise rents in line with current market levels, with an estimated total rental income of £34,000 per annum. The property falls under the jurisdiction of Leicester City Council. Tenure is freehold.