This property is no longer on the market
Restaurant
Property description & features
- Tenure: Freehold
- COMMERCIAL INVESTMENT
- GUIDE PRICE: £700,000 - £725,000
Location:
The property is located near to the corner of De Montfort Street within walking distance of Leicester Train Station and the city centre.
Description:
A large restaurant of approximately 4,929 sqft, forming part of a 3 storey building with basement. The upper floors comprise of flats that are held on a long leasehold.
Accommodation:
Ground Floor:
Restaurant having approximately 120 covers, bar area, kitchen, WCs.
GIA: 4,150 sqft (386 sqm)
Basement:
Office, 2 store rooms, WCs.
GIA: 779 sqft (72.4 sqm)
Total GIA: 4,929 sqft (458 sqm) approx.
Outside:
Rear vehicular access from De Montfort Street for deliveries.
Note
We understand that VAT is not payable on the purchase price.
Tenure
Freehold, subject to existing leases.
The ground floor and basement restaurant is let on a FRI lease for a term of 21 years with 3 yearly rent reviews from 04.04.2011 at a current rent of £55,000 pax.
The upper residential floors are let on a 999 year lease from 05.08.2002 on a peppercorn ground rent.
Energy Performance Certificate:
Pending.
Solicitors
Josiah Hincks, The Manse, 22 De Montfort Street, Leicester LE1 7GB
[use Contact Agent Button] ~ Ref: Y Ozgen
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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