32-38 MARKET PLACE, ODEON ARCADE, LEICESTER LE1 5HJ PLANNING CONSENT FOR 100 STUDENT STUDIOS FOR SALE KEY FEATURES. T: vailwilliams.

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Sharlene McLaughlin
5 years ago
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1 PLANNING CONSENT FOR 100 STUDENT STUDIOS FOR SALE KEY FEATURES Consent for 100 Studios City Centre Location Income Producing Ground Floor Retail 6 minute walk to University

LOCATION The property stands proud in a central position within Leicester city centre surrounded by a large number of well recognised retailers and restaurants.

Leicester had an astounding 3 billion of recent investment, transforming the city centre into a hub of entertainment, shopping and culture.

2 LOCATION The property stands proud in a central position within Leicester city centre surrounded by a large number of well recognised retailers and restaurants. De Montfort University lies approximately 0.3 miles west, the walking equivalent of 6 minutes and University of Leicester lies 0.8 miles south east, the equivalent of 15 minutes walk. Leicester had an astounding 3 billion of recent investment, transforming the city centre into a hub of entertainment, shopping and culture. The 350 million Highcross shopping centre, located adjacent to the property, has become one of the premier destinations for shoppers in the Midlands, with a huge range of shops, a new restaurant quarter and Leicester's first city centre multiplex cinema. DESCRIPTION The property comprises a retail arcade with former Odeon cinema above set over basement and 5 floors. The 10 retail units are income producing, however, provide an asset management opportunity to generate greater income. PLANNING CONSENT Application No: Planning Granted: 29 January Student Studios (100 1 x bed) 2 x new retail units 4 th Floor extension Extension to form 5 th Floor

3 PROPOSED PLANS *Full floor plans on request

4 SCHEDULE OF AREAS Unit Tenant Floor Area (NIA) Rent net Expiry The Auditorium Market Place Vacant 11,459 - Unit 1,2,3 Odeon Bhallatex Ltd t/a Material Magic 1,292 12, Arcade, Market Place LE1 5HJ Unit 4 Bhallatex Ltd t/a Material Magic 429 5, LE1 5HJ Unit 5 Mr A Raja 392 6, Unit 6 Saruj Bhandari 377 5, Unit 7 Jane Martin T/A Memories 394 6, Unit 8 Abigail Smith t/a Nottingham Lace 657 9, LE1 5HJ Unit 9 Dean Glennie 2,504 28, Unit 10 Miguel Rodriguez 207 5, Kiosk 1 Vacant 64 - Kiosk 2 A D Taylor esq 78 4, Total Passing 17,853 81,500 ERV 144,000

STUDENT ACCOMMODATION MARKET IN LEICESTER Leicester is a strong higher education city boasting two Universities with a total of circa 37,475 students.

5 STUDENT ACCOMMODATION MARKET IN LEICESTER Leicester is a strong higher education city boasting two Universities with a total of circa 37,475 students. De Montfort University continues to rise through the tables, currently ranked at 54 th, whilst University of Leicester holds an impressive 18 th position. University No of Students University Bedrooms The Times Ranking 2015 Leicester 17, th De Montfort 20, th Total 37, Source: (Times Good University Guide 2015/HESA/Vail Williams Research)

6 EPC Unit : C:68 Unit : D:92 Unit : D:97 Unit : E:111 Unit : D:89 Unit : D:94 Unit : G:167 Unit : E:114 Bingo : E:119 PRICE Upon application SERVICES Vail Williams LLP has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard. TENURE Freehold LEGAL COSTS Each party to be responsible for their own legal costs incurred in this transaction. VIEWING Strictly by prior appointment with Vail Williams LLP. CONTACT DETAILS Steven Bott Vail Williams LLP Four Brindleyplace Birmingham B1 2JB Tel: sbott@vailwilliams.com BUSINESS RATES Interested parties are advised to make their own enquiries to Leicester City Council on Misrepresentation Act 1967 Vail Williams for themselves and for the vendors or lessors of this property, whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute nor constitute part of an offer or contract. 2. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Vail Williams has any authority to make any representation or warranty whatsoever in relation to this property. Finance Act 1989 Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction. Birmingham Camberley Crawley Guildford Heathrow London Portsmouth Southampton Thames Valley Vail Williams LLP, a Limited Liability Partnership, registered in England (number OC319702). Registered Office: 540 Thames Valley Park, Reading, Berkshire RG6 1RA. Any reference to a Partner means a Member of Vail Williams LLP or an employee or consultant with equivalent standing and qualifications. A full list of Members is open for inspection at the registered office. Regulated by RICS. Our Services: Acquisition & Disposal, Building Consultancy, Corporate Real Estate, Development Consultancy, Investment and Funding, Leasing Advisory, LPA Receivership, Planning Consultancy, Property Asset Management, Rating, Valuation

21,840 SqFt ( 2, SqM )

21,840 SqFt ( 2, SqM ) 278 Weyhill Road Andover SP10 3LS Development / Trade / Car Dealership Premises For Sale By instruction of Joint Administrators Julie Palmer and Kirstie Proval of Begbies Traynor Key Features Potential