Howkins & Harrison T/A Andrew Johnson and Co
Tel: 01530 877977
Old Cottage Hospital
Leicester Road
Ashby De La Zouch
LE65 1DB
3 Lower Church Street, Ashby de la Zouch
Guide Price £150,000
Flat
- Rental premises for sale
- Prime trading position in the town centre
- Investment opportunity
- Excellent transport links
An exciting opportunity to purchase a freehold retail space extending to 906 sq ft and two leasehold flats situated in the centre of the market town of Ashby de la Zouch within the Ashby conservation area and benefits from an excellent central location.
Description
An exciting opportunity to purchase a freehold retail space extending to 906 sq ft and two leasehold flats subject to long leasehold agreements each deriving a rent of £1 per annum, situated in the centre of the market town of Ashby de la Zouch within the Ashby conservation area and benefits from an excellent central location.
The property comprises a ground floor retail area which includes a commercial kitchen and toilet facilities and there are two flats located on the first and second floor, that are subject to long leasehold agreements.
The ground floor premises has previously been used as a cafe and retail area but would also have potential for alternative uses subject to obtaining the necessary planning consents.
The property benefits from road frontage to two sides with two large shop windows facing both Market Street and Lower Church Street allowing great exposure to passing trade.
Location
The property is situated on Lower Church Street, Ashby de la Zouch with frontage on to Market Street providing excellent footfall.
The property is situated 1 mile from Junction 13 of the M42 which provides access to the wider midlands motorway network including Junction 23A of the M1 23A
(9.1 miles) and Junction 4A of the M6 (21.7 miles).
Tenure & Possession
The freehold interest for the full extent of the property is being offered for sale.
In respect of the flats situated on the first and second floor, these are subject to 999-year lease agreements which commenced on 1st January 2019. An annual peppercorn rent is paid to the freeholder.
The property is further subject to a 25-year underlease in favour of the Sellers pension fund granted on 2nd May 2012 in relation to the ground floor. Upon the sale of the property to a third party, the underlease to the pension fund will be redeemed so that the ground floor shop will be sold unencumbered and with vacant possession.
Further information is available upon request.
Local Authority
North West Leicestershire District Council.
Website: https://www.nwleics.gov.uk/
Telephone: 01530 454545
Services
We are advised that the property is connected to mains electricity, water, gas and sewage.
None of the services have been tested and purchasers should note that it is their specific responsibility to make their own enquiries of the appropriate authorities as to the location, adequacy and availability of mains water, electricity, gas and drainage services.
EPC
The current EPC for the property is C (56).
Planning
We understand that the property has planning under use Class E. Interested parties are advised to make further enquiries with North West Leicestershire District Council.
Method of Sale
The property will be sold by private treaty.
Business Rates
The current rateable value for the property is £9,900
For further information regarding business rates please contact North West Leicestershire District Council.
What3Words
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Anti Money Laundering Information
Under the Money Laundering Directive (S1207/692) we are required under due diligence as set out under HMRC regulations to take full identification (e.g. photo ID and recent utility bill) as proof of address. When you are ready to put an offer forward, please be aware of this and have the information available.
Please note a fee of £30 will be charged to each buyer for the Anti Money Laundering check via our online system Move Butler.
Photographs
The photographs were taken in August 2025.
Plan, Area & Description
The plan, area and description are believed to be correct in every way, but no claim will be entertained by the vendor or the agents in respect of an error, omissions or misdescriptions. The plan is for identification purposes only.
Viewing
Accompanied viewings only, strictly by appointment with Howkins & Harrison please call Lily Taylor on 01530 877977 (option 3) or email lily.taylor@howkinsandharrison.co.uk
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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