Property for sale
Property description & features
- Tenure: Leasehold (992 years remaining)
- Prime corner-facing commercial property on Friar Lane in Leicester's city centre
- Previously operated as a successful restaurant, reflecting the area's vibrant business scene
- Strategic location with high visibility and foot traffic, ideal for bars and restaurants
- Versatile layout includes an open-plan space, offices, W/Cs, store room, and kitchen area
- Long-term stability with 992 years remaining on the lease; transparent service charges available on request
- VAT applicability elected; final prices subject to VAT, presenting an exceptional business opportunity
Positioned in an area renowned for its vibrant commercial activity, particularly in the realm of bars and restaurants, this property stands as a testament to the pulse of Leicester's business district. Friar Lane, with its strategic corner positioning, ensures high visibility and foot traffic, making it an ideal setting for businesses seeking a dynamic and accessible locale.
The property itself presents a versatile layout, featuring an inviting entrance area leading into an expansive open-plan space - a blank canvas awaiting your unique vision. With two sets of stairs leading to the floor below, the lower level boasts a well-designed arrangement of offices, W/C facilities, a convenient store room, and a functional kitchen area. This thoughtful layout caters to a variety of business needs, providing both open spaces for customer engagement and private areas for administrative functions.
With an impressive 992 years remaining on the lease, this property offers long-term stability for your business. Service charges, essential for the upkeep of communal areas and shared amenities, are available on request, ensuring transparency in your investment. It's noteworthy that the property has been elected for VAT applicability, and any final prices will be subject to VAT.
In summary, this prime commercial property on Friar Lane presents a rare chance to establish your business in the heart of Leicester's city centre, surrounded by a thriving commercial landscape. Don't miss the opportunity to make this versatile space your own, where history, modernity, and business prospects converge seamlessly. For further details and to explore the potential of this leasehold interest, contact us today.
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Property reference BMEST_002992. 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 BM Estates - Leicester.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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