£225,000.00

LOCATION

The property is located on Churchgate in the heart of Leicester city centre close to one of the entrances to the Shires shopping centre.

Churchgate is the pedestrian link between the St Margaret’s Bus Station and the Shires shopping centre.

DESCRIPTION

The property is an ideal investment opportunity and is arranged over four floors including a large basement. The first and second floors have been let on a long-term lease of 125 years commencing 1st May 2015 producing the following annual rents:

£200 in the first 25 years
£400 in the next 25 years
£800 in the following 25 years
£1,600 thereafter

ACCOMODATION

The property is arranged over ground floor only, providing the following approximate areas and dimensions:
Ground Floor Sales 212 m² 2282 sq ft
Ground Floor Ancillary 12 m² 127 sq ft

USE

We understand that the premises have an existing use for A1 consent however the Landlord will consider alternative uses and interested parties should contact Leicester City Council on 0116 454 1000
TENANCY

Annual rent £15,000
Expiration 30/09/2024

EPC RATING

D – 77

LEGAL COSTS

Each party shall bear their own legal costs incurred.

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