LOCATION

Market Street is the pedestrian link between the professional quarter on New Walk and the Highcross Shopping Centre.

Located next door to the Fenwick building redevelopment and near to Mattioli Woods head office, café Nero, Pagnell’s, and McDonalds.

DESCRIPTION

The property comprises a 4-storey building with an expansive shop front. There is ground and first floor retail sales areas, together with storage at second and third floor level as well as a large basement.

ACCOMODATION

Basement        113.4 m²    1220 sq ft
Ground Floor  130.9 m²     1409 sq ft
First Floor         83.3 m²       897 sq ft
Second Floor    87.3 m²       940 sq ft
Third Floor        94.5 m²     1017 sq ft

We have been advised that the landlord may split the property into two units and there is also the potential for residential units above the ground floor.

RATES

Rateable Value: £55,500
Rates Payable: £27,695

Based on a UBR of £0.499 p/£.

USE

We understand that the premises have an existing use for A1 and A2 consent however the Landlord will consider alternative uses and interested parties should contact Leicester City Council on 0116 454 1000

LEASE

The property is available on a new effective full repairing and insuring Lease for a minimum term of 3 years with 3 yearly reviews.

VAT

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

EPC RATING

TBC

LEGAL COSTS

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

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