Restaurant for sale

16 King Street, Leicester, LE1 6RJ

01664 518223

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Restaurant

0 bed

0 bath

2,553 sq ft / 237 sq m

Property description & features

Tenure: Freehold
Income producing £30,000 per annum
New 5 year lease as of Nov 23'
Finance available / good pension investment
Freehold sale £500,000

Occupying the Ground Floor, Basement and part First Floor, the accommodation is fully let on a new 5 year term and is currently operating as a restaurant / bar.

Ground Floor - 2 rooms totalling approximately 117 m2 plus Internal storage and WC facilities

First Floor - ladies and gents w/c's, fully operational kitchen and managers office (Approximately 7.5 m2 and 23.5 m2) plus WC facilities and Storage. Sharing part of the first floor are 3 flats with separate entrances that have been sold on a long terms leases and pay a quarterly service charge amounting to £537 but has not been altered since 2015.

Basement - Approximately 58 m2 storage.

Strictly by prior appointment via the sole agents P & F Commercial [use Contact Agent Button] or via [use Contact Agent Button]

This City centre restaurant is on a pedestrianised street in Central Leicester, at the bottom of New Walk.

Created in 1785, New Walk is lined with Regency, Victorian and contemporary commercial and residential buildings which are fronted with trees and supported by three grassed areas, a museum and art gallery, and two churches. The property is located near to the City centre side of New Walk, Towards the recently developed former Council offices. New Walk runs from the City Centre (Belvoir Street) to the Southeast to De Montfort Square. Running parallel with the Main A6 London Road and approximately 10 minutes from Leicester Railway Station at any point along the Walk.

Offered for sale as a freehold investment.
16 King Street, Leicester will be offered with tenanted possession, a new 5 year FRI lease is in place as of Nov 2022 with a passing rent of £30,000 per annum.
Guide price £500,000

We are advised that all main services are connected to the property. These services have not been inspected or tested by the agent

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Places of interest

P & F Commercial - Oakham

18 Midland Co, Station Approach Oakham, Rutland LE15 6RA

01664 518223

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P&F Commercial is a well-established Commercial Estate Agency business operating across the EastMidlands. Centrally located in Rutland, with the major Cities of Leicester, Nottingham, Peterboroughand Northampton all within 40 miles, P&F Commercial are perfectly located to handle all types ofCommercial property including Shops, Offices, Industrial Units, Post Offices and any other generalInvestment/property businesses. With over 40 years combined experience in the property business, P&F Commercial has a wealth ofspecific knowledge in the sector. P&F Commercial do not just deal in vacant property but can assistbuyers and sellers in the transfer of operating businesses and are perfectly placed to assist start up’sand SME’s in the acquisition, lease or sale of the premises essential to making the enterprise asuccess. We understand that buying, selling or leasing property can be a stressful time and we are more thanhappy to handle the transaction discreetly with or without formal open market promotion and wecan arrange meetings and viewings outside office or working hours as necessary. We can handle any property from the lease of the smallest shop or office unit to multi-million poundfreeholds and we take pride in the way we can market our client’s properties using selected InternetPortals, our own website at www.pandfcommercial.com and our extensive database. We are always happy have an open chat about the services we can offer so please give us a call to discuss your requirements.

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Property reference 158711-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by P & F Commercial - Oakham.

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Broadband availability and predicted speed

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Mobile phone signal availability and predicted strength

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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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