2 Forest Road, Loughborough LE11 Residential development for sale

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2 Forest Road, Loughborough LE11 Residential development for sale

2 Forest Road, Loughborough LE11
£600,000

Our Summary

  • The property is currently let until 2029 and offers a fantastic opportunity to acquire a let building with significant redevelopment potential (STPP)
  • Internally, the property requires a programme of updating and refurbishment
  • Offers on a subject to planning basis will be considered
  • Development Potential STPP
  • Investment Opportunity

Description

This unique investment property, Charnwood House, is a substantial office building located in the heart of Loughborough, with a current lease until 2029. The property offers significant redevelopment potential, subject to planning permission, and benefits from a large car park with 16 spaces. The building, constructed from red brick, has a range of office spaces and breakout rooms, but requires updating and refurbishment. The property is situated on Forest Road, with easy access to Loughborough town centre and the M1 motorway. The ground floor accommodation totals approximately 255m2, with additional storage and cellar space. The property is held Freehold, subject to and with the benefit of the occupational lease, and is being offered for sale by private treaty, with offers considered on a subject to planning basis. The guide price is £700,000.