Devonshire Square, Loughborough

Smiths Property Experts are favoured with instruction to market a rarely available and fully refurbished split class Freehold building in Devonshire Square in Loughborough, giving a gross yield of 7.5% per annum. The area attracts exceptional footfall and is located in the heart of the town square, with excellent access to nearby road links, Loughborough train station and the university.

The building underwent a full refurbishment and remodelling throughout 2023 and is now offered in exceptional and rarely available A1 condition, making this property a ‘no hassle’ investment. There is a beautiful shop with period façade and A1 class use, and upstairs, two individual beautifully modelled and styled apartments. The building has been rewired, plumbed, and replastered and meets today’s exacting building regulations.

The property is fully let with professional residential tenants and an excellent commercial tenant. The building yields a gross annual return of 7.5%.

A beautiful period commercial premises in Devonshire Square. This popular thoroughfare has been recently redeveloped in the heart of the thriving university and market town of Loughborough. In brief, the shop comprises a main sales area of approximately 16’0 x 12’0 with a wonderful, glazed facade. There is also a fitted kitchen and ground-floor WC. The shop benefits from mains electricity, water, and drainage services.

Expect to find beautifully presented living space measuring approximately 345 square feet per apartment accessed via a lockable gated walkway from Devonshire Square. The accommodation includes an open-plan living area with a fully fitted and integrated kitchen, one double bedroom, and a beautiful bathroom.

Commercial EPC Rating: C

Flat 1 EPC Rating: C. Flat 2 EPC Rating: C.

Tenure: Freehold.

Local Authority: Charnwood Borough Council.