£1,542.00

A good sized ground floor retail property on the busy pedestrian throughfare of King Street, close to Mattioli Woods and the Fenwick building development.

LOCATION

The premises are located close to junction of the Belvoir Street, Wellington Street and King Street, a largely pedestrianised thoroughfare to Leicester’s busy City Centre. Ideally situated at the heart of the business district, surrounded by multiple student accommodation and local businesses.

DESCRIPTION

A ground floor retail unit previously let as a bakery sandwich shop. The ground floor retail area opens onto King Street and there is storage and food preparation areas to the rear and a WC.

There is the potential for pavement seating subject to the Council granting a licence.

Commercial Premises Class E of the Town and Country Planning (Use Classers) Order 1987 as amended.
ACCOMMODATION

Measurements gross internal:

Ground 82.80 m² 891.25 sq ft

Retail Area 56.30 m² 606.00 sq ft
Kitchen Area 18.60 m² 200.21 sq ft

TENANCY

The property is available on a new lease of not less than 3 years with 3 yearly reviews.

RATING

Rateable Value: £17,000.00
Rates Payable: £ 8,483.00
(based on a UBR of £0.499 p/£)

GOODWILL

The fixtures and fittings belong to the previous tenant and are available by separate negotiation.

SERVICES

We are advised that mains drainage, water, gas, and single-phase electricity supply are connected to the property.

VAT

We are advised that the Landlord has not opted to tax and therefore VAT will not be payable.

EPC RATING

E-106

COSTS

Each party shall bear their own legal costs incurred in documenting the Lease.

There will be an application fee of £175+VAT.