A high-yielding mixed-use property in the heart of Leicester is set to go under the hammer at the upcoming Acuitus auction on October 30.
Located at 30-32 Granby Street, the freehold property comprises a ground-floor and basement retail unit, currently let to a coffee shop/restaurant, along with 27 fully let residential flats above, accessed separately. The entire investment generates a total annual rental income of £310,260 and is being offered at a guide price of £2.25 million.
Picture credit: Acuitus
The sale is being conducted on behalf of Receivers.
David Margolis of Acuitus described the asset as a “considerable slice of prime real estate in central Leicester,” highlighting its diverse income streams and potential for active asset management, particularly within the residential component. “It presents a very generous return on investment,” he added.
In addition to the Granby Street asset, the auction will also feature two other Midlands retail properties:
- 41 Market Street, Leicester – Producing £27,500 in annual rent, guided at £250,000–£275,000.
- 9a Castle Street, Hinckley – Generating £18,000 in rent per year, offered at a guide price of £200,000+.
The Acuitus auction will be held on October 30 at 12pm and will be livestreamed via the Acuitus website, with online, telephone, and proxy bidding available.
For more information and access to the auction catalogue, visit acuitus.co.uk.
