An outstanding opportunity to acquire a versatile, mixed-use commercial freehold property FOR SALE on Canal Street, Wigston

An outstanding opportunity to acquire a versatile, mixed-use commercial freehold property prominently situated on Canal Street, Wigston (LE18 4PL). Offered for sale at an asking price of £350,000, this property delivers a fantastic dual-income stream, making it a perfect addition to an investment portfolio or an ideal live-work setup. With a combined potential rental income of £2,050 per calendar month (£24,600 per annum), this freehold promises a strong gross yield of 7%.

Ground Floor: Former Dessert Shop (Potential Income: £1,200 pcm)

The ground floor features a spacious, versatile commercial unit that previously operated as a successful dessert shop.
• High Footfall Location: Positioned on a visible route with excellent window frontage, perfect for attracting passing trade.
• Flexible Layout: The layout includes a main retail/front-of-house seating area, a rear preparation/kitchen space, and customer/staff W.C. facilities.
• Diverse Commercial Uses: While ideal for food and beverage use (café, takeaway, or dessert parlour), the premises are highly adaptable for retail, professional services, or a salon, subject to any necessary planning consents.

First Floor: Spacious 3-Bedroom Flat (Potential Income: £850 pcm)

With its own independent access, the upper living accommodation comprises a well-proportioned residential flat.
• Generous Living Space: The flat features a bright living area, a separate kitchen, and three well-sized bedrooms.
• Excellent Rental Demand: Three-bedroom residential rentals in this area are in high demand from families and working professionals, ensuring low void periods.
• Independent Utilities: Separately metered from the commercial unit, allowing for straightforward management of individual tenancies.

Location & Connections

The property is superbly located in Wigston, a vibrant suburb just south of Leicester city centre. It benefits from strong local amenities, proximity to local schools, and excellent public transport links, ensuring both the business and the residential elements remain highly desirable.

Key Features:
• Full Freehold title included.
• Asking Price: £350,000.
• Total projected income: £24,600 per annum (Gross Yield: 7%).
• Prominent roadside position.
• Ideal for investors or developers looking to add value.