Asset Type: Retail Warehouse

Address

489 Aylestone Road, Leicester, LE2 8TB

Tenant Information

Magnet Ltd. Part sublet to United Carpets Limited

Location

The property is located in Leicester which is the second largest city within the East Midlands laying approximately 20 miles south of Nottingham and 43 miles north-east of Birmingham. According to the Census 2011 the district population is some 320,000.

The city lays to the east of the M1 motorway with the main junctions being J21 (M69) J21A (A46) and J22 (A511/A50). The central geographical location and close proximity to the national motorway network has an important effect on the local economy, notably in respect of distribution.

The subject property is situated approximately 2.5 miles south west of the city centre within the suburb of Aylestone. Surrounding properties entail a mixture of motor trade related uses, a food supermarket, general retail premises and residential dwellings (opposite). The property is more specifically situated along the A426 Aylestone Road, which forms one of the main arterial routes from South Leicestershire into the city centre. To the south of the subject is the A563 Soar Valley Way (outer ring road) that provides easy access to other areas of the city and junction 21 of the M1 motorway (3 miles).

Property Description

The subject property is a purpose built single storey storage and retail warehouse, constructed during the late 1980’s. The construction entails cavity brick elevations to a height of 2.75m with steel profile cladding. The roof structure has a double pitch and is of steel portal frame covered with corrugated asbestos sheeting, incorporating translucent panels. To the front elevation, the premises benefit from aluminium framed double glazing and a block paved customer car park and a goods loading area.