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4 Coral Street, Leicester, LE4 5BD
£400,000 OIRO
An exciting commercial and development opportunity situated in a prominent position on Belvoir Road, Coalville. The property is located above the well established Shooterz premises and offers substantial accommodation across the first and second floors, presenting strong potential for conversion into residential flats (subject to the necessary planning permissions).
Currently arranged as commercial space, the property benefits from multiple toilet facilities, generous floor areas, and a layout well suited to reconfiguration. This makes it an attractive proposition for investors, developers, or owner-occupiers seeking to add value through redevelopment or change of use.
Coalville continues to see increasing demand for residential accommodation, and the conversion of upper-floor commercial space into flats represents a compelling opportunity in a central and well-connected location.
Features:- Commercial premises arranged over first and second floors
- Located above Shooterz in a busy and established position
- Multiple toilet facilities already in place
- Offers in the region of 400,000
- Strong development potential (STPP)
- Suitable for conversion into flats
- Central Coalville location with good footfall nearby
- Ideal for investors or developers
- Excellent access to local amenities and transport links
- 99 Years Remaining - Lease
Location:
Belvoir Road is a well-known and central location within Coalville, benefiting from a mix of commercial, residential, and leisure uses. The property sits close to the town centre, making it ideal for future residential conversion due to accessibility and local demand.
Coalville is well positioned within North West Leicestershire, offering convenient access to Leicester, Loughborough, and surrounding towns via the A511 and nearby motorway links.Amenities:
- Coalville Town Centre shops, cafs, restaurants, and high-street retailers
- Marlborough Square Shopping Area
- Supermarkets including Tesco, Morrisons, and Aldi
- Leisure facilities such as Hermitage Leisure Centre
- Schools and colleges including local primary and secondary schools
- Public transport links with regular bus services
- Healthcare facilities, GP surgeries, and pharmacies
- Local parks and green spaces
- Easy access to A511, A42, and M1 for regional connectivity
Interested? Contact Ruut Homes today to arrange a viewing.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
4 Coral Street, Leicester, LE4 5BD
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