LE3 Phase 1, Western Park Business Village, Hinckley, Western Park, Leicester

The development comprises the restoration of the Grade II Listed former Open Air School, which opened for that use in November 1930, with the individual buildings arranged on the connecting terraces. Phase 1 comprises four single storey detached office buildings which overlook a landscaped garden featuring outdoor leisure areas for occupiers. The buildings have been constructed to Passivhaus standards. Occupiers include a beauty / hairdressing salon, a golf simulator and office spaces.

The site benefits from generous on-site car parking.

Multi Let Office Investment

£79,500 aggregate annual rental income

10-year leases

6.25% Net Initial Yield assuming Purchaser's costs of 6.4%

Western Park Business Village is located in midst of Western Park on the north side of the A47 Hinckley Road about 1.5 miles to the west of Leicester city centre and 2.3 miles to the north of Junction 21 of the M1 motorway, at its junction with the M69.