Seths Estate & Letting Agents says ..

Property Oracle says ..

This property is a commercial building situated on Loughborough Road in Belgrave, Leicester, currently listed for £650,000. The building’s former use as the Flamingo Bar and Grill is evident from the signage and interior images. The provided photographs reveal an interior that requires considerable renovation, with areas showing visible wear and tear such as damaged ceilings and flooring in need of repair or replacement. The bar area features existing furniture and fixtures, however a lot of the remaining property shows signs of significant neglect. While the exterior of the building appears reasonably well-maintained, the overall impression is that substantial investment will be needed to bring the property to a usable state. The building’s location on a busy road, combined with its proximity to schools and transport links in a busy part of Leicester could be seen as a strength; however, the extent of necessary renovation and uncertain market value make the property a potentially high-risk investment. The lack of land associated with the property is also notable. The absence of specific square footage for the property makes accurate analysis of the price per square foot impossible, which is usually vital when evaluating commercial or residential properties. Further investigation into the exact requirements of the renovation, relevant planning permissions, and projected returns on investment is crucial for any potential buyer.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images