Studio flat for sale

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Studio flat for sale

3 Lower Church Street, Ashby de la Zouch
£150,000

Our Summary

  • The ground floor premises has previously been used as a cafe and retail area but would also have potential for alternative uses subject to obtaining the necessary planning consents
  • Planning - We understand that the property has planning under use Class E
  • Investment opportunity

Description

This is an exciting opportunity to purchase a freehold retail space with two leasehold flats in the heart of Ashby de la Zouch, a market town within the Ashby conservation area. The property features a ground floor retail area with a commercial kitchen and toilet facilities, as well as two flats on the first and second floors, subject to long leasehold agreements. The ground floor premises has previously been used as a cafe and retail space, and has potential for alternative uses subject to obtaining necessary planning consents. The property benefits from road frontage to two sides, with large shop windows facing Market Street and Lower Church Street, allowing for great exposure to passing trade. The property is situated near the M42, providing easy access to the wider Midlands motorway network. The freehold interest is being offered for sale, along with the 999-year lease agreements for the flats and a 25-year underlease for the ground floor.